Prepare a Classified Blance Sheet

1. Empresas Olmedo closed its books on February 28, 2022. Using the accounts below, prepare a classified Balance Sheet. Make sure you prepare it correctly. Amounts are in millions. Bill Balance Accounts payable. 2,048 Accounts receivable 3,667 Accrued liabilities 3,011 Accumulated other comprehensive loss (223) Additional paid-in capital 8,638 Bonds payable 3,471 Cash and equivalents 3,808 Common stock 3 Current portion of long-term debt. 6 Income taxes payable 84 Intangible assets. 1,209 Inventories 5,055 Long-term investments 2,000 Long-term note payable 1,907 Prepaid expenses 1,150 Property, plant and equipment (net) 3,989 Retained earnings 3,979 Short-term investments 2,371 Short-term note payable 325