el, Financial Accounting, 8e l System Announcements Question 1 These items are taken from the financial statements of Novak Corp. at December 31 , 2017. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2017) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue 133,308 15,876 4,032 14,918 103,824 77,112 983 6,678 3,276 75,600 50,400 57,456 11,970 117,936 23,587 4,536 18,522 Prepare a classified balance sheet. Assume that $17,136 of the note payable will be paid in 2018. (List current assets order of land, buildings and equipment.) Novalt co