Prepare a classified balance sheet. (Note: $10,000 of the mortgage payable is due for payment in the next fiscal year.) (List current assets in order of liquidity. List Property, Plant and Equipment in order of Land, then Equipment.)

Crane Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below. CRANE COMPANY Worksheet For The Month Ended September 30, 2020 Trial Balance Debit Credit Cash 38,400 Supplies 19,600 Prepaid Insurance 31,900 Land 85,000 Equipment 125,000 Accumulated Depreciation-Equipment 37,200 Accounts Payable 15,600 Unearned Service Revenue 2,800 Mortgage Payable 52,000 Common Stock 114,700 Retained Earnings, Sept. 1, 2020 2,000 Dividends 14,000 Service Revenue 281,500 Salaries and Wages Expense 108,900 Maintenance and Repairs Expense 31,500 Advertising Expense 9,400 Utilities Expenses 17,900 Property Tax Expense 18,100 Interest Expense 6,100 Totals 505,800 505,800 Insurance Expense Supplies Expense Interest Payable Depreciation Expense Property Tax Payable Totals Adjusted Trial Balance Debit Credit 38,400 4,299 4,267 85,000 125,000 45,470 15,600 679 52,000 114,700 2,000 14,000 283,621 108,900 31,500 9,400 17,900 20,100 12,620 27,633 15,301 6,520 8,270 2,000 522,590 522,590 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Interest Payable Property Tax Payable Income Tax Expense Unearned Service Revenue Total Current Liabilities Long-term Liabilities Mortgage Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity $ 15600 6520 2000 679 42000 114700