prepare a classified balance sheet for the currenr year using the report format

Chapter 6 BE6-6. Classified Balance Sheet, Report Format. Martell Manufacturing Incorporated provided the felowing lin of account balances for the current year ended December 31. Credit Debit Account $ 300,000 Accounts receivable $ 400,000 Bonds payable, due in 20 years 58,000 Investments at fair value (trading) 175,000 Accounts payable 587,000 Additional paid-in capital 165,300 Accumulated other comprehensive loss 25,000 Current portion of long-term debt 1,264,500 Property, plant, and equipment-net Dividends payable 135,000 254,000 Merchandise inventory 65,800 Income taxes payable 145,000 Cash Notes payable, due in 5 years 138,500 Retained earnings 625,500 Common stock, $1 par value 35,000 $2,186,800 Totals $2,186,800 Prepare a classified balance sheet for the current year using the report format