Exercise 2 JOHNSON HARDWARE STORE LTD. Land Prepaid expenses $19,500 12,800 Accrued expenses payable Notes payable, due in 90 days 10,500 34,800 Long-term debt 54,000 Accumulated depreciation, building and equipment Marketable securities 57,200 18,000 Accounts payable 73,700 Accounts receivable 60,000 Common stock, (authorized 2,500 shares; issued and outstanding 2,052) I 51,300 Goodwill (net) 2.500 Building and equipment, cost 119,000 131,500 Retained earnings Taxes payable 5,200 Cash 4,400 Inventory 182,000 Assignment Different accounts as at January 31, 2019, are listed above in random order for Johnson Hardware Store Ltd. 1. Determine whether each of the accounts above is a current asset, fixed asset, intangible asset, current liability, long-term liability or equity account. 2. Prepare a balance sheet as at January 31, 2019, for Johnson Hardware Store Ltd