E5-6 (Algo) Preparing and Interpreting a Classified Balance Sheet with Discussion of Terminology (Challenging) LO5-3 Lance Snyder manufactures, markets, and distributes a variety of snack food products including pretzels, sandwich crackers, Kettle chips, cookies, potato chips, tortilla chips, other salty snacks, sugar wafers, nuts, and restaurant-style crackers. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in ons) in alphabetical order Accounts payable Accounts receivable.net Accrued compensation Additional paid-in Capital Cash and cash equivalents Connon stock, 67,820,798 shares outstanding Goodwill Inventories Long-term debt $100,739 Other assets concorrent) 209,22) Other current assets 45.00 Other intangible assets.net 1,599.578 Other long-term abilities 34,802 other payables and accrued liabilities 79,499 Prepaid expenses and other 1,386,362 Property, plant, and equipment, net 174,756 Retained earnings 1.248,959 Short-ter det $ 49,473 138,559 1,370,000 418,444 102,503 30,910 514,563 195,093 48.000 Required: 1. Prepare a classified consolidated balance sheet for Lance-Snyder for the current year (ended December 31 (Enter your answers in millions f.e. 10,000,000 should be entered as 10).) Required: 1. Prepare a classified consolidated balance sheet for Lance-Snyder for the current year ( millions (i.e., 10,000,000 should be entered as 10).) LANCE-SNYDER Consolidated Balance Sheet (in millions) Assets Current Assets: Total current assets 0 Total assets $ $ 0 Labilities and Stockholders' Equity Communities Turentabit 0 Tubes Stockhod tout 0 Total sockholders Total Babies and stockholders/equity 3 0