prepare classified balance sheet

3 Kenseth Corporation had the following adjusted trial balane at Dec 31, 2019. Prepare 4 as classified balance sheet. $337,500 2,500,000 3,000,000 600,000 2,500,000 500,000 1,250,000 500,000 6 Current Assets 7 Land 8 Buildings 9 Accumulated depreciation buildings 10 Equipment 11 Accumulated depreciation equipment 12 Patents 13 Copyrights 14 Accounts payable 15 Notes payable (current portion $50,000) 16 Bonds payable 17 Discount on payable 18 Common stock, $10 par value, 500,000 shares authorized 19 400,000 shares issued, 350,000 outstanding 20 Paid-in capital in excess of par value common stock 21 Treasury stock (50,000 shares) 22 Retained earnings (ending retained earnings) 175,000 800,000 1,000,000 40,000 4,000,000 2,000,000 400,000 1,452,500 $10,527,500 $10,527,500 23 24 25