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Prepare a classified balance sheet. E2.5 ( LO1) ), AP These items are taken from the financial statements of Longhorn Co. at December 31, 2025.

image text in transcribed Prepare a classified balance sheet. E2.5 ( LO1) ), AP These items are taken from the financial statements of Longhorn Co. at December 31, 2025. Instructions Prepare a classified balance sheet. Assume that $13,600 of the note payable will be paid in 2026

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