E5-4 (Preparation of a Classified Balance Sheet) Assume that Gulistan Inc. has the following accounts at the end of the current year.

• 1. Common Stock.
• 2. Discount on Bonds Payable.
• 3. Treasury Stock (at cost).
• 4. Notes Payable (short-term).
• 5. Raw Materials.
• 6. Preferred Stock Investments (long-term).
• 7. Unearned Rent Revenue.
• 8. Work in Process.
• 9. Copyrights.
• 10. Buildings.
• 11. Notes Receivable (short-term).
• 12. Cash.
• 13. Salaries and Wages Payable.
• 14. Accumulated Depreciation