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Intel Corporation has the following balances as of December 31, 2023: Cash: $1,900,000 Accounts Receivable: $3,800,000 Prepaid Insurance: $700,000 Equipment: $13,000,000 Accumulated Depreciation: $7,500,000 Accounts
Intel Corporation has the following balances as of December 31, 2023:
- Cash: $1,900,000
- Accounts Receivable: $3,800,000
- Prepaid Insurance: $700,000
- Equipment: $13,000,000
- Accumulated Depreciation: $7,500,000
- Accounts Payable: $3,500,000
- Salaries Payable: $700,000
- Common Stock: $6,000,000
- Retained Earnings: $4,160,000
Prepare a classified balance sheet for Intel Corporation as of December 31, 2023.
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