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Help Selected accounts from Gregor Co's adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet Note: On the company's
Help Selected accounts from Gregor Co's adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet Note: On the company's balance sheet, accumulated depreciation is subtracted from Equipment, accumulated amortization is subtracted from Patents, and accumulated depletion is subtracted from Silver mine. Total equity Patent Cash Land Equipment Silver mine $62,000 6.400 7,200 42,000 32,000 27,000 Accounts payable Accumulated depreciation Equipment Notes payable (due in 9 years) Goodwill Accumulated depletion-Silver mine Accumulated amortization-Patents $3,200 23,800 23,000 5,200 5.400 3,400 GREGOR CO. Balance Sheet December 31 Assets Current assets Cash Plant assets 0 0 Current assets Cash Plant assets 0 0 Total plant assets Intangible assets 0 Total intangible assets Total assets $ Liabilities Current liabilities Long-term liabilities
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