Exercise 4-13 Preparing a classified balance sheet C1 Use the following selected accounts and amounts with normal balances from Andrea Co. to prepare its classified balance sheet at December 31. Accounts payable.... $ 8,000 Accounts receivable..... $ 4,000 Land...... 30,000 Cash 13,000 Accumulated depreciation-Machinery.... Notes payable (due in 7 years). 16,000 29,000 Salaries payable.. 1,000 Long-term investments in bonds.. 7,000 S. Andrea, Capital.. 42,000 Notes receivable (due in 4 years) 15,000 Machinery..... 20,000 Merchandise inventory..... 5,000 Prepaid insurance... 2,000