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The adjusted trial balance of Grouper Company for the year ended December 31, 2022, is as follows. Debit Credit Cash $ 6,300 Accounts Receivable 3,600 Note Receivable (due February 20, 2023) 2,100 Inventory 6,300 Timberland 21,000 Land 12,000 Equipment 37,200 Patents. 10,000 Accumulated Depletion Allowance for Doubtful Accounts Accumulated Depreciation-Equipment Notes Payable (due January 15, 2023) Accounts Payable Owner's Capital Sales Revenue Interest Revenue Cost of Goods Sold Salaries and Wages Expense Depreciation Expense Amortization Expense Research and Development Expense Bad Debt Expense License Expense Interest Expense Loss on Disposal of Plant Assets Total 24,000 11,900 3,900 2,400 1,200 700 400 500 1,700 $145,200 $ 4,300 1,100 9,300 5,900 2,700 64,500 57,000 400 $145,200 Prepare a classified balance sheet as of December 31, 2022. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Equipment and Timberland.) GrouperCompany Balance Sheet December 31, 2022 V Assets Current Assets Cash Accounts Receivable Less Allowance for Doubtful Accounts Notes Receivable Inventory Total Current Assets Property, Plant, and Equipment Land Timberland Add V Patents Accumulated Depletion Add V Owner's Capital Total Liabilities and Owner's Equity Equipment Liabilities and Owner's Equity Ini