Exercises 245 Instructions Prepare a classified balance sheet as of December 31, 2017 E5-12 (LO3) (Preparation of a Balance Sheet) Presented below is the trial balance of Scott Butler Corporation at December 31, 2017 Debit Credit s 197,000 $ 8,100,000 Sates Revenue Debt Investments (trading) (at cost, $145,000) Cost ef Goods Sold Debt Investments (long-term) Equity-Investments (long-term) Notes Payable (short-term) Aecounts Payable Se?ling Expenses Investment Revenue 153,000 4,800,000 299,000 277,000 90,000 455,000 2,000,000 63,000 260,000 1,040,000 Buildings Dividends Payable Acerued Liabilities 136,000 %,an 435,000 Accumulated Depreciation-Buildings Allowance for Doubtful-Accounts Administrative Expenses Interest Expense Inventory Gain 25,000 211,000 97,000 80,000 900,000 Notes P'ayabte ttong-term) Bonds Pavable Franehises Equipment 600,000 ,000,000 60,000 Depreciation -Equipment 160,000 1,000,000 Commen Stock ($5 par) Treastury Stock 191,000 195,000 Patents Retained Earnings Paid-in Capital in Excess of Par 78,000 80,000 Totals $12,315,000 $12,315,000 Instructions Prepare a balance sheet at December 31, 2017, for Scott Butler Corporation. Olgnore income taxes.)