Exercise 7-22 Preparing a classified balance sheet LO 7-10 Required Use the following information to prepare a classified balance sheet for Blackmon Co. at the end of 2 014: Accounts receivable Accounts payable Cash Common stock Long-term notes payable Merchandise inventory Office equipment Retained earnings Prepaid insurance $43,420 9,015 15,220 44,500 20,300 27,400 26,690 41,465 2,550