Preparing a Classified Balance Sheet

From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Oakland Wholesalers as of December $31.$ All accounts have normal balances.

Accounts Payable $$50,000$ Inventory $$117,000$

Accounts Receivable $40,000$ Land $39,000$

Building $67,000$ Mortgage Payable $($long term$)79,000$

Cash $28,000$ Office Supplies $1,000$

Common Stock $120,000$ Retained Earnings $?$

Salaries Payable $7,000$

OAKLAND WHOLESALERS

Balance Sheet

December $31$

Assets Liabilities & Stockholders' Equity

Current Assets: Current Liabilities:

Answer

Answer

$0$

Answer

Answer

$0$

Answer

Answer

$0$

Salaries payable Answer

$0$

Inventory Answer

$0$

Total Current Liabilities Answer

$0$

Answer

Answer

$0$

Total Current Assets Answer

$0$

Long$-$Term Liabilities:

Answer

Answer

$0$

Noncurrent Assets: Total Long$-$term Liabilities: Answer

$0$

Answer

Answer

$0$

Building Answer

$0$

Total Liabilities Answer

$0$

Total Long$-$Term Assets Answer

$0$

Stockholders' Equity:

Answer

Answer

$0$

Answer

Answer

$0$

Total Stockholders' Equity Answer

$0$

Total Assets Answer

$0$

Total Liabilities and Stockholders' Equity Answer