Prepare a classified balance sheet. Assume that $9,900 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 Pharoah Company at December 31, 2022. Land Accounts receivable Supplies Cash $196,800 21,300 10,800 11,850 83,700 263,800 45,900 5,200 13,500 Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) 73,000 504,000 33,100 9,000 93,850 18,700 3,100 15,700 47,800 72,500 4,300