Preparing a Classified Balance Sheet The following financial data for Crane Distributors was collected as of December 31, 2013. All accounts have normal balances $110,300 Accounts Payable $70,100 Accounts Receivable Delivery Equipment 80,100 Accumulated Depreciation 35,100 114,100 Cash Inventory 15,300 Retained Earnings ? Common Stock 100,100 Supplies 6,500 Prepaid Insurance 2,500 Required Prepare a classified balance sheet as of December 31, 2013, for Crane Distributors Do not use negative signs with your answers CRANE DISTRIBUTORS Balance Sheet December 31,2013 Assets Current Assets: Accounts Receivable Prepaid Insurance Supplies Total Current Assets Long-term Assets Less: Accumulated Depreciation Total Long-term Assets Total Assets Long-term Assets: Less: Accumulated Depreciation Total Long-term Assets Total Assets Liabilities &Stockholders' Equity Current Liabilities: Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity