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Current Attempt in Progress These items are taken from the financial statements of Sandhill Co. at December 31, 2022 Buildings $126,960 Accounts receivable Prepaid
Current Attempt in Progress These items are taken from the financial statements of Sandhill Co. at December 31, 2022 Buildings $126,960 Accounts receivable Prepaid insurance Cash Equipment Land 15,120 3,840 14,208 98,880 73,440 Insurance expense 936 Depreciation expense 6,360 Interest expense 3,120 Common stock 72,000 Retained earnings (January 1, 2022) 48,000 Accumulated depreciation-buildings 54,720 Accounts payable 11,400 Notes payable 112.320 Accumulated depreciation-equipment 22.464 Interest payable 4,320 17.640 Service revenue Prepare a classified balance sheet. Assume that $16.320 of the note payable will be paid in 2023. (List Current Assets in order liquidity and Property, Plant and Equipment in order of Land, Buildings and Equipment)
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