Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.)

Presented below are a number of balance sheet items for Shamrock, Inc. for the current year, 2020. Goodwill $ 128,520 Accumulated Depreciation-Equipment $ 292,180 Payroll Taxes Payable 181,111 Inventory 243,320 48,520 Bonds payable Discount on bonds payable 303,520 Rent payable (short-term) 15,180 Income taxes payable 101,882 Cash 363,520 Rent payable (long-term) 483,520 Land 483,520 Common stock, $1 par value 203,520 Notes receivable 153,520 Notes payable (to banks) 91,440 449,220 Preferred stock, $10 par value 268,520 Prepaid expenses 493,520 Equipment ? Debt investments (trading) Accounts payable 1,473,520 Retained earnings 124,520 Income taxes receivable 101,150 Accumulated Depreciation-Buildings 270,380 Notes payable (long-term) 1,603,520 Buildings 1,643,520