Exercise 3-24 (Algo) Preparing a classified balance sheet LO C2 Use the following selected accounts and amounts with normal balances from Andrea Company's adjusted trial balance to prepare its classified balance sheet at December 31 Accounts payable $ 13,700 Accounts receivable $ 4,950 Land 19,500 Accumulated depreciation-Machinery 19,800 Cash 15,85e Notes payable (due in 7 years) 36,600 Salaries payable 1,950 Long-term investments in bonds 8,900 Retained Earnings 29,600 Notes receivable (due in 4 years) 20,700 Machinery 27,600 Merchandise inventory 5,950 Prepaid insurance 5,300 Cormon stock 27,660 ANDREA COMPANY Balance Sheet December 31 Assets