Elbert Coompany As of December 31, 2017 The balance sheet accounts for Elbert Company as of December 31, 2017 are listed below. Required: Prepare the December 31, 2017 Classified Balance Sheet Salaries and Wage Payable Debt Investment (Long-Term) Cash Bonds Payable Due 1/1/2025 Allowance for Doubtful Accounts Copyrights Notes Receivalbe (due in 6 months) Income Tax Payable Preferred Stock Retained Earnings, 12/31/17 Accounts Receivable Prepaid Insurance $ 34,200 $ 281,400 $ 170,250 $1,200,000 $ 17,800 $ 192,900 $ 138,000 $ 156,000 $ 750,000 $ 612,000 $ 518,400 $ 56,250 Common Stock Inventory Land Trading Securities Interest Payable Buildings Accounts Payable Additional Paid-in Capital (APIC) Notes Payable (short-term) Accumulated Depreciation - Building Supplies $1,125,000 $1,480,250 $ 475,000 $ 73,200 $ 5,700 $1,926,000 $ 409,950 $ 163,800 $ 92,000 $ 783,000 $ 37,800