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Current Attempt in Progress These items are taken from the financial statements of Pronghorn Co. at December 31, 2025. Buildings $110,032 Accounts receivable 13,104
Current Attempt in Progress These items are taken from the financial statements of Pronghorn Co. at December 31, 2025. Buildings $110,032 Accounts receivable 13,104 Prepaid insurance 3,328 Cash 12,314 Equipment 85,696 Land 63,648 Insurance expense 811 Depreciation expense 5,512 Interest expense 2,704 Common stock 62,400 Retained earnings (January 1, 2025) 41,600 Accumulated depreciation-buildings 47,424 Accounts payable 9,880 Notes payable 97,344 Accumulated depreciation-equipment 19,469 Interest payable 3,744 Service revenue 15,288 Prepare a classified balance sheet. Assume that $14,144 of the note payable will be paid in 2026. (List Current Assets in order of liquidity and Property, Plant and Equipment in order of Land, Buildings and Equipment.) $ PRONGHORN CO. Balance Sheet Assets $ Liabilities and Stockholders' Equity $
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