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Prepare a classified balance sheet for Facebook, Inc. as of December 31, 2023. Item Amount ($) Cash 600,000 Accounts Receivable 300,000 Inventory 150,000 Property, Plant,

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

Item

Amount ($)

Cash

600,000

Accounts Receivable

300,000

Inventory

150,000

Property, Plant, and Equipment

1,500,000

Intangible Assets

400,000

Accounts Payable

250,000

Short-term Debt

200,000

Long-term Debt

800,000

Common Stock

700,000

Retained Earnings

1,000,000

Question:

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

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