Lambert Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the companys fiscal year on November 30, 2014, these accounts appeared in its adjusted trial balance.

Prepare a classified balance sheet. (List current assets in order of liquidity.)

Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Common Stock Cost of Goods Sold Freight-out Equipment Depreciation Expense Dividends Gain on Disposal of Plant Assets Income Tax Expense Insurance Expense Interest Expense Inventory Notes Payable Prepaid Insurance Advertising Expense Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Salaries and Wages Payable Sales Returns and Allowances Utilities Expense 32,428 20,812 82,280 9,680 42,350 743,303 7,502 189,970 16,335 14,520 2,420 12,100 10,890 6,050 31,702 52,635 7,260 40,535 41,140 17,182 141,570 1,093,840 7,260 24,200 12,826