P2.1A (LO 1), AP Suppose the following items are taken from the 2022 balance sheet of Yahoo! Inc. (All dollars are in millions.)

Prepare a classified balance sheet.

Goodwill $3,927 Common stock 6,283 Equipment 1,737 Accounts payable 152 Patents 234 Stock investments (long-term) 3,247 Accounts receivable 1,061 Prepaid rent 233 Debt investments (short-term) 1,160 Retained earnings 6,108 Cash 2,292 Notes payable (long-term) 734 Unearned sales revenue 413 Accumulated depreciationequipment 201 Instructions Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2022.

Tot. current assets $4,746 Tot. assets $13,690 P2.2A (LO 1), AP These items are taken from the financial statements of Martin Corporation for 2022.

Prepare financial statements.

Retained earnings (beginning of year) $31,000 Utilities expense 2,000 Equipment 66,000 Accounts payable 18,300 Cash 10,100 Salaries and wages payable 3,000 Common stock 22,800 Dividends 12,000 Supplies 3,100 Debt investment (long-term) 5,700 Trademarks 2,000 Service revenue 68,000 Prepaid insurance 3,500 Maintenance and repairs expense 1,800 Depreciation expense 3,600 Accounts receivable 11,700 Insurance expense 2,200 Salaries and wages expense 37,000 Accumulated depreciationequipment 17,600 Instructions Prepare an income statement, a retained earnings statement, and a classified balance sheet as of December 31, 2022.