Prepare a classified balance sheet as of December 31, 2022. (List Current Assets in order of liquidity.)

Question 5 4.02/6 View Policies Show Attempt History Current Attempt in Progress These items are taken from the financial statements of Crane Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $34,620 2,170 62,500 14,700 12,670 4,860 22,700 12,000 3,900 5,500 1,700 71,200 5,360 1,630 3,150 14,840 2,650 40,180 20,170