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having trouble with the L&SE section of this problem These items are taken from the financial statements of Ivanhoe Company at December 31, 2022. Buildings
having trouble with the L&SE section of this problem
These items are taken from the financial statements of Ivanhoe Company at December 31, 2022. Buildings $90,988 10,836 Accounts receivable Prepaid insurance Cash Equipment 2,752 10,182 70,864 Land 52,632 Insurance expense 671 Depreciation expense 4,558 2,236 51,600 34,400 39,216 8,170 80,496 Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable 16,099 3,096 12,642 Service revenue Prepare a classified balance sheet. Assume that $11,696 of the note payable will be paid in 2023. (List Current Assets in order of liquidity and Property, Plant and Equipment in order of Land, Buildings and Equipment.) IVANHOE COMPANY Balance Sheet Liabilities and Stockholders' Equity Current Liabilities 8170 Accounts Payable Notes Payable Current Portion 72326 3096 Interest Payable 83592 Total Current Liabilities Long-Term Liabilities Notes Payable Total Liabilities 80496 Stockholders' Equity Common Stock 51600 29842 Retained Earnings 82904 tockholders' Equity Total Total Liabilities and Stockholders' Equity 177418Step by Step Solution
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