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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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