Goodwill $126,520 Payroll Taxes Payable 179,111 Presented below are a number of balance sheet items for Teal, Inc. for the current year, 2020. Accumulated Depreciation-Equipment Inventory $292,470 241,320 Bonds payable 301,520 Rent payable (short-term) 46,520 Discount on bonds payable 15,470 Income taxes payable 99,882 Cash 361,520 Rent payable (long-term) 481,520 Land 481,520 Common stock, $1 par value 201,520 Notes receivable 447,220 Preferred stock, $10 par value 151,520 Notes payable (to banks) 266,520 Prepaid expenses 89,440 Accounts payable 491,520 Equipment 1,471,520 Retained earnings ? Debt investments (trading) 122,520 Income taxes receivable Notes payable (long-term) 99,150 1,601,520 Accumulated Depreciation-Buildings Buildings 270,670 1,641,520 Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.) TEAL, INC. Balance Sheet Assets $ $ Liabilities and Stockholders' Equity $ $ $ $ $ +A