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Preparing a Classified Balance Sheet The ledger of Bama Inc. had the following account balances on December 31. *For the investments account, $6,400 will be

image text in transcribed Preparing a Classified Balance Sheet The ledger of Bama Inc. had the following account balances on December 31. *For the investments account, $6,400 will be converted to cash next year; the remainder is a long-term investment. Prepare a classified balance sheet for Bama Inc. on December 31. Note: Do not use negative signs with any of your answers

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