Just after its formation on September 1, 2016, the ledger accounts of the Supplies Unlimited, Inc., contained the following balances:

Accrued Expenses Payable $ 10,000 Accounts Payable 80,000 Accounts Receivable 45,000 Allowance for Doubtful Accounts 4,000 Building 200,000 Cash 21,600 Common Stock ($20 par) 240,000 Common Stock Subscribed 60,000 Furniture and Fixtures 50,000 Merchandise Inventory 145,000 Notes PayableShort Term 50,000 Paid-in Capital in Excess of Par ValueCommon 27,600 Paid-in Capital in Excess of Par ValuePreferred 6,000 Preferred Stock (10%, $50 par) 50,000 Preferred Stock Subscribed (10%, $50 par) 20,000 Subscriptions ReceivableCommon Stock 66,000 Subscriptions ReceivablePreferred Stock 20,000

(Common Stock outstanding shares 12,000 / Common stock subscribed shares 3,000)

(Preferred stock outstanding shares 1,000 / Preferred stock subscribed shares 400)

1. Prepare a classified balance sheet for the corporation just after its formation on September 1, 2016. (Be sure to list the accounts in order of their liquidity)