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Question 29 Not yet answered Marked out of 25.00 Flag question Presented below is information related to Victor Company at December 31, 2019. Assume a tax rate of 30% on all items Accounts Payable $ 204,975 Income Tax Payable $ 78,000 Accounts Receivable S 259,200 Interest Payable $ 2,850 Accum. Deprec-Building $ 391,500 Inventory $ 790, 125 Additional Paid-In Capital 81.900 Land 5 232.500 Allow for Doubtful Accounts 3,900 Notes Payable (6 months) $ 96,000 Bonds Payable (due 2025) S 600,000 Notes Receivable (6 months) $ 69,000 S S 963.000 Preferred Stock Buildings 375,000 S Cash S 85,125 Prepaid Insurance s $ 562,500 Salaries and Wages Payable Common Stock 17.100 S 18.900 s Copyrights 96.450 Supplies 5 36,300 Debt investments (long-term 3 140.700 Trading Securities Retained Earnings $ 306.000 28,125 28 Requirements Prepare the asset section of a classified Balance Sheet for Victor Company Incude all hergs sheading Subtotals and totals (with labels) that appear in the asset section of a classified Balance Sheet include me handia of the Balance Sheet itselt but then only include the asser section as requested 1 X x 55 7 TE OOS