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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, $8,000 will be

image text in transcribedimage 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, $8,000 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

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