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McK Nursery, Incorporated, reports the following account balances on December 31, 2024: cash, $32,000; accounts receivable, $27,000; inventory, $41,000; equipment (net), $83,000; operating leases,
McK Nursery, Incorporated, reports the following account balances on December 31, 2024: cash, $32,000; accounts receivable, $27,000; inventory, $41,000; equipment (net), $83,000; operating leases, $13,000; accounts payable, $30,000; salaries payable, $13,000; interest payable, $9,000; notes payable (due in 18 months), $46,000; common stock, $82,000. Required: Prepare a classified balance sheet for McK Nursery, Incorporated. Current assets: Total current assets Long-term assets: Total assets Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Stockholders' equity: McK NURSERY, Incorporated Balance Sheet At December 31, 2024 Assets Liabilities and Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity
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