Prepare a classified balance sheet for Tucson Company for the year ended December 3 Note: Amounts to be deducted should be indicated by a minus sign. Common stock $1,000 Cash 21,200 Land 31,000 Retained earnings 10,000 Accounts receivable 4,200 Paid-in capital in excess of par value, common stock 17,000 Notes payable (due in 5 years) 11,200 Preferred stock 8,000 Salaries payable 6,200 Accounts payable 7,000 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 Prev 6 of 6 Next