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ExxonMobil Corporation has the following balances as of December 31, 2023: Cash: $1,300,000 Accounts Receivable: $2,500,000 Prepaid Insurance: $400,000 Equipment: $10,000,000 Accumulated Depreciation: $4,000,000 Accounts

ExxonMobil Corporation has the following balances as of December 31, 2023:

  • Cash: $1,300,000
  • Accounts Receivable: $2,500,000
  • Prepaid Insurance: $400,000
  • Equipment: $10,000,000
  • Accumulated Depreciation: $4,000,000
  • Accounts Payable: $2,000,000
  • Salaries Payable: $400,000
  • Common Stock: $3,000,000
  • Retained Earnings: $2,360,000

Prepare a classified balance sheet for ExxonMobil Corporation as of December 31, 2023.

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