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Prepare a classified balance sheet. Assume that $9,100 of the mortgage payable will be paid in 2026. (List Current Assets in order of liquidity. List
Prepare a classified balance sheet. Assume that $9,100 of the mortgage payable will be paid in 2026. (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, 2025. CRANE COMPANY Balance Sheet December 31, 2025 Assets Current Assets Cash $ Debt Investments Accounts Receivable Notes Receivable Supplies Total Current Assets Long-Term Investments Stock Investments Property, Plant, and Equipment Land Buildings $ Less : Accumulated Depreciation-Buildings Liabilities and Stockholders' Equity Equipment Less : Accumulated Depreciation-Equipment Land Improvements Less : Accumulated Depreciation-Land Improvements Intangible Assets Patents Total Assets
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