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Current Attempt in Progress These items are taken from the financial statements of Sheridan Company at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash

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Current Attempt in Progress These items are taken from the financial statements of Sheridan Company at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Service revenue $96,800 14,500 4,750 18,670 79,400 62,400 760 7,500 2,700 57,500 42,750 45,100 15,100 87,800 18,680 3,400 17,150 Prepare a classified balance sheet. Assume that $13,500 of the mortgage payable will be paid in 2023. (List Current assets in order of liquidity. List Property, plant and equipment in order of land, buildings and equipment.) Prepare a classified balance sheet. Assume that $13,500 of the mortgage payable will be paid in 2023. (List Current assets in order of liquidity. List Property, plant and equipment in order of land, buildings and equipment.) SHERIDAN COMPANY Balance Sheet Assets $ $ vi Liabilities and Stockholders' Equity $ Liabilities and Stockholders' Equity $ >

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