Mountain, Inc.
		December 31, 2020
Interest receivable	67,600			Rent payable	43,000
Salaries Payable	173,000			Inventory	227,800
Bonds payable	370,000			Equipment	3,114,000
Common stock, $1 par	205,000			Income taxes payable	105,000
Accounts payable	485,000			Notes payable (long-term)	2,065,000
Cash	355,000			Preferred stock, $10 par	145,000
Land	484,000			Prepaid expenses	91,900
Allowance for doubtful accts	5,000			Current maturities LT debt	265,000
Notes receivable	445,700			Equity investments, trading	121,000
Goodwill	121,000			Accumulated depreciation	558,200
Retained earnings	713,800			Accounts receivable	40,000
Discount on bonds payable	65,000
Prepare a classified balance sheet in good form. Assume that notes receivable and notes payable are
short-term, unless stated otherwise. Cost and fair value of equity investments (trading) are the same.