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 the order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.) Balance Sheet Liabilities and Stockholders Equity BLOSSOM, INC. Balance Sheet Assets Liabilities and Stockholders' Equity a num of balance sheet items 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 the order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.) Balance Sheet Liabilities and Stockholders Equity Presented below are a number of balance sheet items for Blossom, Inc., for the current year, 2017 $ 292,160 242,500 47,700 101,062 482,700 202,700 152,700 90,620 1,472,700 123,700 270,360 1,642,700 Payroll Taxes Payable Bonds payable 180,291 Inventory 302,700 Rent payable (short-term) 15,160 Income taxes payable 362,700 Rent payable (long-term) 482,700 Common stock, $1 par value 48,400 Preferred stock, $10 par value 267,700 Prepaid expenses 492,700 Equipment Notes receivable Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) ? Debt investments (trading) 100,330 Accumulated Depreciation-Buildings 1,602,700 Buildings 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 the order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.)