Preparing a Classified Balance Sheet The ledger of Bama Inc. had the following account balances on December 31, 2020. Accounts payable Accounts receivable Accrued expenses (credit) Bonds payable, 8% Common stock ($100 par) Cash $99,600 Office equipment $28,500 28,500 Raw materials inventory 28,800 2,400 Allowance for bad debts 1,500 75,000 Accumulated depreciation 27,000 210,000 Rent expense paid in advance on a short-term lease 30,000 Sinking fund to retire long-term debt 9,000 21,000 Retained earnings (to be computed) Plant equipment ? Land held for future plant site 93,600 Note receivable, 9%, due 2022 42,000 20,247 Finished goods inventory Investments* 39,300 Work in process inventory 39,000 69,900 *Of the balance in the investments account, $12,000 will be converted to cash in the coming year; the remainder is a long-term investment. Required Prepare a classified balance sheet for Bama Inc. on December 31, 2020. Do not use negative signs with any of your answers. List investments in the order of the largest dollar amount to the smallest dollar amount.