Preparing a Classified Balance Sheet The following financial data for the St. John Corporation was collected as of December 31, 2013. All accounts have normal balances Accounts Receivable $197,000 Fumbire & Equipment $200,600 41,400 Ceh 99,400 7.200 Accumulated Depreciation 84.200 Accounts Payable Prepaid Insurance Common Stock 406600 inventory 186600 Retained Earnings Required Prepare a classified balance sheet as of December 31, 2013. Note: Do not use negative signs with your answers ST. JOHN CORPORATION Balance Sheet December 31,2013 Assets Current Assets Cash 05 99,400 Accounts Receivable 197,000 Inventory 186,600 Prepaid insurance 7,200 Total Current Assets Long-term Assets Furniture & Equipment 200,000 Less Accumulated Depreciation $4,200 Total Long-term Assets Total Assets S Liabiles&Stockholden Eauty Current Liabilities Accounts Payable B 41,400 Stockholders Equity Common Stock Retained Earnings Total Stockholders Equity = Total Liabilities and Stockholders Equity 406.600 $ O