Marion Building Products Company provided the following information for the current year ended December 31. Click the icon to view the financial data.) Requirements Prepare the current-year classified balance sheet using the report format. b. Prepare the current-year classified balance sheet using the account format. a. Account Debit Credit , co Cash $ 610,000 $ 160,400 988,750 565,000 usin 302,000 pre 37,500 unts. 316,500 400,000 Notes payable, due in 5 years Retained earnings Obligations under capital leases (noncurrent) Obligations under pension plans Deferred tax liability (noncurrent) Accumulated other comprehensive loss Current portion of long-term debt Property, plant, and equipment-net Investments in affiliate companies (noncurrent) Accounts receivable Bonds payable, due in 10 years Investments at fair value (trading) Accounts payable Additional paid-in capital Dividends payable Equipment under capital lease Intangible assets-net Merchandise inventory Income taxes pavable 3,000,000 595,500 400,000 1,750,000 260,000 485,000 750,000 50,000 1,415,750 209,100 615,800 44.000 TO0,400 TUIES payavie, Uue years 988,750 565,000 302,000 37,500 316,500 400,000 3,000,000 595,500 400,000 Retained earnings Obligations under capital leases (noncurrent) Obligations under pension plans Deferred tax liability (noncurrent) Accumulated other comprehensive loss Current portion of long-term debt Property, plant, and equipment--net Investments in affiliate companies (noncurrent) Accounts receivable Bonds payable, due in 10 years Investments at fair value (trading) Accounts payable Additional paid-in capital Dividends payable Equipment under capital lease Intangible assets-net Merchandise inventory Income taxes payable Common stock, $1 par value 1,750,000 260,000 485,000 750,000 50,000 1,415,750 209,100 615,800 44,000 1,890,000 Totals $7,422,650 $7,422,650 Requirement a. Prepare the current-year classified balance sheet using the report format Begin by preparing the asset section of the balance sheet and then prepare the liabilities and stockholders' equity sections. (Use a minus sign or parentheses for any loss amounts.) Marion Building Products Company Balance Sheet At December 31 Assets