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Prepare a classified balance sheet for Amazon.com Inc. as of December 31, 2023, using the following account balances: Cash: $80,000 Accounts Receivable: $120,000 Inventory: $200,000

Prepare a classified balance sheet for Amazon.com Inc. as of December 31, 2023, using the following account balances:

  • Cash: $80,000
  • Accounts Receivable: $120,000
  • Inventory: $200,000
  • Prepaid Expenses: $10,000
  • Property, Plant, and Equipment: $1,000,000
  • Accumulated Depreciation: ($200,000)
  • Accounts Payable: ($150,000)
  • Short-term Debt: ($50,000)
  • Long-term Debt: ($500,000)
  • Shareholders' Equity: ?

Requirements:

  • Classify the assets and liabilities correctly.
  • Calculate the total current assets and total non-current assets.
  • Determine the total liabilities.
  • Compute the shareholders' equity.

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