Preparing a Classified Balance Sheet The following balances are from the post-closing trial balance of Armour Inc. Account Title Debit Credit Cash $16,000 $ Accounts receivable 65,000 7,500 Allowance for doubtful accounts Inventory Prepaid insurance Short-term investments 90,000 1,200 28,000 100,000 300,000 20,000 7,500 30,300 Equipment Building Accumulated depreciation equipment Accumulated depreciation-building Goodwill Accounts payable Salaries payable Interest payable Income tax payable Notes payable, 8%, 5-year Bonds payable, 7%, 10-year Common stock Retained earnings Totals 45,000 5,000 1,500 9,000 250,000 15,000 200,000 70,000 $630,500 $630,500 Required a. Prepare a classified balance sheet for Armour Inc. as of December 31, 2020. Do not use negative signs with any of your answers. List current liabilities in the order of the largest dollar amount to the smallest dollar amount. Balance Sheet As of December 31, 2020 Assets Current assets Cash 16,000 Accounts receivable $ 65,000 0 0 Accounts receivable, net Short-term investments Inventory 0 0 0 e 0 Property, plant, and equipment 0 Equipment 0 0 0 Intangible assets 0 . 0 Liabilities and Stockholders' Equity Current liabilities 0 0 0 0 0 Long-term liabilities Notes payable, 8%, 5-year 0 0 0 Stockholders' equity Common stock 0 0 0 0 b. Compute working capital on December 31, 2020. Working capital $ 0