Prepare a classified balance sheet. Assume that $11,968 pf the note payable will be paid in 2023. (List current assengs in order of liquidity and property, plant and equipment in order of land, buildings and equipment.)

Exercise 2-05 These items are taken from the financial statements of Oriole Company at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Eqpipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation--equipment Interest payable Service revenue $93,104 11,088 2,816 10,419 72,512 53,856 686 4,664 2,288 52,800 35,199 40,128 8,360 82,368 16,474 3,168 12,936