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For Gritnmett Company, the following information is waitable: Trademarks 555,000 Inventory 30,000 Held-for-collection securities (amortized cost) 57,000 treasury shares 85,000 : Prepaid experses 2,000 Long-term
For Gritnmett Company, the following information is waitable: Trademarks 555,000 Inventory 30,000 Held-for-collection securities (amortized cost) 57,000 treasury shares 85,000 : Prepaid experses 2,000 Long-term recelvables 75,000 Trading securities (fair value) 60,000 Non-trading securities (fair value) 45,000 Accumulated depreciation-equipment 15,000 Cash 21,000 retained earnings, end 363,000 Equipment 25,000 Instructions: Prepare the classified Balance sheet for Grimmett Company (Assets side only) as on 31 st December (IFPS formate) Patent 4,000
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