. Presented below are a number of balance sheet items for Letterman, Inc. for the current year, 2015:

Goodwill 125,000

Accumulated Depreciation Equipment 292,000

Payroll taxes payable 177,591

Inventories 239,800

Bonds payable (LongTerm) 285,000

Rent payable 525,000

Cash 360,000

Income taxes payable 98,362

Land 480,000

Common stock, $1 par value 200,000

Notes receivable 545,700

Preferred stock, $10 par value 150,000

Notes payable (LongTerm) 1,865,000

Prepaid expenses 87,920

Accounts payable 590,000

Equipment 1,470,000

Retained Earnings ?????

Accounts Receivable 121,000

Income Tax Receivable 97,630

Accumulated Depreciation Building 170,200

Building 1,640,000

REQUIRED Prepare a classified balance sheet in good form. You will need to calculate the balance of Retained Earnings to be the balance needed to make your balance sheet balance once youve gotten all other accounts properly classified.