Exercise 4-14 a Your answer is partially correct. Try again. The adjusted trial balance for Ivanhoe Bowling Alley at December 31, 2020, contains the following accounts. Debits Buildings Accounts Receivable Prepaid Insurance Cash Equipment $127,100 14,300 4,700 18,500 62,500 67,000 500 7,300 2,800 Credits Owner's Capital Accumulated Depreciation-Buildings Accounts Payable Notes Payable Accumulated Depreciation-Equipment Interest Payable Service Revenue $115,600 42,400 11,300 97,600 17,400 2,400 18,000 Land Insurance Expense Depreciation Expense Interest Expense $304,700 $304,700 (a) Prepare a classified balance sheet; assume that $28,300 of the note payable will be paid in 2021. (List Current Assets in order of liquidity. List Property, plant and Equipment in order of Land, Buildings and Equipment.) IVANHOE BOWLING ALLEY Balance Sheet December 31, 2020 Assets Current Assets Cash T 18,500 Accounts Receivable T 14,300 | Prepaid Insurance 4,700 T Total Current Assets 37,500 T Property, Plant and Equipment | Land 1 67,000 1 Buildings 127,100 100 Buildings 5 127,100 Accumulated Depreciation-Buildings 42,00 84,700 Equipment 62,500 Less a 1. Accumulated Depreciation-Equipment accumulated Depreciation-Equipment 17,400 45,100 196,800 196,800 Total Assets 234,300 Liabilities and Owner's Equity Current Liabilities o 11,300] Accounts Payable | Notes Payable 97,600 | Interest Payable 2,400 x Total Current Liabilities 111,300 T Long-term Liabilities T Notes Payable 97,600 T Total Liabilities 208,900 TOwner's Equity T Owner's Capital 115,600 Total Liabilities and Owner's Equity 234,300