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Prepare a classified balance sheet for Apple Inc. as of December 31, 2023. Item Amount ($) Cash 300,000 Accounts Receivable 150,000 Inventory 100,000 Property, Plant,

Prepare a classified balance sheet for Apple Inc. as of December 31, 2023.

Item

Amount ($)

Cash

300,000

Accounts Receivable

150,000

Inventory

100,000

Property, Plant, and Equipment

800,000

Intangible Assets

150,000

Accounts Payable

120,000

Short-term Debt

80,000

Long-term Debt

300,000

Common Stock

400,000

Retained Earnings

600,000

Question:

Using the given data, prepare the classified balance sheet for Apple Inc. as of December 31, 2023. Ensure that the total assets equal the total liabilities and equity.

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