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DB 5.1 - Presented below are a number of balance sheet items for Rickie, Inc., for the current year. Payroll taxes payable Buildings Bonds payable

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DB 5.1 - Presented below are a number of balance sheet items for Rickie, Inc., for the current year. Payroll taxes payable Buildings Bonds payable Land Income tax payable Cash $64,200 2,650,000 420,000 372,000 117,400 58,000 215,000 164,600 58,700 354,000 44,200 Inventory Unsecured notes (long-term) Rent payable (short-term) Common stock, $1 par value Rent payable (long-term) Accumulated depreciation equipment Preferred stock, $25 par value Notes payable (to banks) Equipment Accumulated depreciation buildings Debt investments (trading) Paid-in-capital in excess of par, common stock Premium on bonds payable $392,400 1,220,000 45,000 70,000 80,000 462,000 1,625,000 268,700 1,328,000 346,000 375,000 Goodwill Notes receivable Prepaid expenses Accounts payable Income taxes receivable Retained earnings Treasury stock ? 280,000 120,000 42,000 Required: Prepare a classified balance sheet in good form at year-end. Common stock authorized was 400,000 shares, and preferred stock authorized was 65,000 shares. Assume that notes receivable and notes payable are short-term unless stated otherwise

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