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* Common stock, par $8.80,50,000 shares issued and outstanding **Preferred stock, par $22.00,8,000 shares issued and outstanding Required a. Prepare a classified balance sheet. Note: Do not use negative signs with any of your answers. b. Answer the following questions. 1. By what percentage was the building depreciated? Note: Round your answer to the nearest whole percentage. 2. Provide the entry that was made to record the current year dividend declaration. Preparation of a Classified Balance Sheet The following accounts are taken from the general ledger of Spice Corp. on December 31, its annual year-end. "Common stock, par 58,80,50,000 shares issued and outstanding Prefered stock, par $22,00,8,000 shares issued and outstanding Required a. Preparca clossified bolance sheet: Note: Do not use negative signs whth any of your answers. b. Answer the following questions. 1. By what percentage was the building depreciated? Note: Round your answer to the nearest whole percentage. 2. Provide the entry that was made to record the current year dividend declaration. 3. Provide the entry that was made for the advances to suppliers. Assume cash transactions. 4. Compute working capital on December 31. * Common stock, par $8.80,50,000 shares issued and outstanding **Preferred stock, par $22.00,8,000 shares issued and outstanding Required a. Prepare a classified balance sheet. Note: Do not use negative signs with any of your answers. b. Answer the following questions. 1. By what percentage was the building depreciated? Note: Round your answer to the nearest whole percentage. 2. Provide the entry that was made to record the current year dividend declaration. Preparation of a Classified Balance Sheet The following accounts are taken from the general ledger of Spice Corp. on December 31, its annual year-end. "Common stock, par 58,80,50,000 shares issued and outstanding Prefered stock, par $22,00,8,000 shares issued and outstanding Required a. Preparca clossified bolance sheet: Note: Do not use negative signs whth any of your answers. b. Answer the following questions. 1. By what percentage was the building depreciated? Note: Round your answer to the nearest whole percentage. 2. Provide the entry that was made to record the current year dividend declaration. 3. Provide the entry that was made for the advances to suppliers. Assume cash transactions. 4. Compute working capital on December 31