Exercise 2-05 These items are taken from the financial statements of Blossom Company at Decen Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation--equipment Interest payable Service revenue $107,916 12,852 3,264 12,077 84,048 62,424 796 5,406 2,652 61,200 40,801 46,512 9,690 95,472 19,094 3,672 14,994 Prepare a classified balance sheet. Assume that $13,872 of the note payable will be pai in order of Land, Buildings and Equipment.) BLOSSOM COMPANY Balance Sheet Assets ES Assets ID $ $ Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity 1 Click if you would like to Show Work for this question: Open Show Work Exercise 2-05 These items are taken from the financial statements of Blossom Company at Decen Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation--equipment Interest payable Service revenue $107,916 12,852 3,264 12,077 84,048 62,424 796 5,406 2,652 61,200 40,801 46,512 9,690 95,472 19,094 3,672 14,994 Prepare a classified balance sheet. Assume that $13,872 of the note payable will be pai in order of Land, Buildings and Equipment.) BLOSSOM COMPANY Balance Sheet Assets ES Assets ID $ $ Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity 1 Click if you would like to Show Work for this question: Open Show Work