Prepare a classified balance sheet. Assume that $10,500 of the mortgage payable will be paid in 2023. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings, Equipment and Land Improvements.)

The following items are taken from the financial statements of Crane Company at December 31, 2022. $195,800 Land Accounts receivable 21,400 Supplies 10,400 Cash 11,850 Equipment 83,800 Buildings 262,000 45,900 Land improvements Notes receivable (due in 2023) 5,400 Accumulated depreciation-land improvements 13,200 Common stock 80,000 Retained earnings (December 31, 2022) Accumulated depreciation-buildings 500,000 33,600 9,600 Accounts payable Mortgage payable 86,450 Accumulated depreciation-equipment 18,900 Interest payable 3,100 Income taxes payable 15,100 Patents 47,100 Investments in stock (long-term) 71,600 Debt investments (short-term) 4,700