Preparation of a Classified Balance Sheet The following accounts are taken from the general ledger of Spice Corp. on December 31. its annual vear.pnd *Common stock, par $4.00,50,000 shares issued and outstanding **Preferred stock, par $10.00,8,000 shares issued and outstanding Required a. Prepare a classified balance sheet. Note: Do not use negative signs with any of your answers. Balance Sheet As of December 31 Assets Current assets Property, plant, and equipment Land Building Equipment Accumulated depreciation Intangible assets Franchise Other assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Accounts payable Accounts receivable Accumulated depreciation Advances to suppliers Allowance for doubtful accounts Bond payable, net of discount Bond sinking fund Building Cash Common stock Deferred revenue Dividends payable Equipment Franchise Interest payable Inventory Investment in stock Land Mortgage payable Net property, plant, and equipment Note receivable Paid-in capital in excess of par Preferred stock Prepaid expenses Retained earnings Short-term investments Supplies Total assets Total current assets Total current liabilities Total investments Total liabilities and stockholders' equity Total long-term liablities Total stockholders' equity ng depreciated? 1. By what percentage was the building depreciated? Note: Round your answer to the nearest whole percentage. 2. Provide the entry that was made to record the current year dividend declaration. 3. Provide the entry that was made for the advances to suppliers. Assume cash transactions. 4. Compute working capital on December 31