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Prepare a classified balance sheet for Tucson Company for the year ended December 31 using the following data (Amounts to be deducted should be indicated

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Prepare a classified balance sheet for Tucson Company for the year ended December 31 using the following data (Amounts to be deducted should be indicated by a minus sign.) Connon stock $1,000 Cash 23,600 Land Retained earnings 43,000 16.000 Accounts receivable 6,600 Paid in capital in excess of par value, common stock Notes payable (due in 5 years) 17,000 13,600 Preferred stock Salaries payable 8.000 Accounts payable 8,608 13.ee Treasury stock 6,000 Paid in capital in excess of par value, preferred stock 2,000 TUCSON COMPANY Balance Sheet December 31 Assets Current assets Total current assets 0 Plant assets Total assets $ 0 Liabilities Current liabilities Total current liabilities Long-term liabilities 0 Total liabilities Equity Total equity Total liabilities and equity 0 $ 0

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