EXERCISES-SET B LO1 E4-1B. Preparing a Classified Balance Sheet From the following accounts, li om the following accounts, listed in alphabetical order, pre pare a classified balance sheet for Balford Wholesalers as of December 31, 2016. All accounts have normal balances. Chapter 4 Understanding Financial Statements 217 58,000 Building and equipment.... Cash... 87,000 Mortgage payable (long-term).85,000 125,000 8,000