Need help:

Prepare a classified balance sheet for Fullerton Merchandising Co. as of December 31, 2021. Create a three-column table with as many rows as possible, you will have to insert more rows. The first column is the description column which should be as wide as possible and columns 2 and 3 just wide enough to fit the dollars. Left justify headers and sub-headers and indent items in the sub-headers. Right justify numbers using $, commas, and underlining as appropriate. Accounts for balance sheet preparation are all presented in their normal balances:

Accounts payable ...................................................................$25,900 Accounts receivable ................................................................ 29,700

Accumulated depreciation .....................................................42,300 Allowance for doubtful accounts................................................800

Bonds payable ...........................................................................70,000 Cash and cash equivalents................................62,800

Common stock (par $4, authorized 250,000 shares)...160,000 Current portion of long-term debt .......................................10,680

Discounts on bonds payable............1,750b Equipment and vehicles..................89,100

Intangibles net...............14,300 Investments in equity securities [long-term].......50,500

Land [not used in operations]........................................19,800 Land and building [used in operations].........245,300

Long-term debt payable [not including current portion]...35,400 Merchandise inventory (FIFO, Lower of Cost or Market)..54,900

Notes payable [short-term]..........................................14,620 Paid in capital in excess of par Common45,800

Prepaid expenses ........................................................................10,400 Retained earnings [12/31/2021 after closing entries]..199,750

Trading securities (at fair value) [short-term investment]...24,500 Treasury stock - common (650 shares)............................7,400

Unearned revenues........................................................5,200

Extra credit for listing the following ratios to the nearest tenth below the balance sheet: Current ratio Debt to assets ratio Ratio of total liabilities to stockholders' equity