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Preparing a Classified Balance Sheet The following financial data for Crane Distributors was collected as of December 3 1 . Cash $ 1 5

Preparing a Classified Balance Sheet The following financial data for Crane Distributors was collected as of December 31.  Cash $15,200 Delivery equipment $80,000 Accounts receivable 110,200 Accumulated depreciation 35,000 Inventory 114,000 Accounts payable 70,000 Prepaid insurance 2,400 Common stock 100,000 Supplies 6,400 Retained earnings ?
Prepare a classified balance sheet as of December 31 for Crane Distributors. TIP: Enter all amounts as positive numbers. 

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