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Presented below are a number of balance sheet items for Kingbird, Inc., for the current year, 2017 Goodwill Payroll Taxes Payable $ 292,380 242,520 47,720
Presented below are a number of balance sheet items for Kingbird, Inc., for the current year, 2017 Goodwill Payroll Taxes Payable $ 292,380 242,520 47,720 101,082 482,720 202,720 152,720 90,640 1,472,720 123,720 270,580 1,642,720 $ 127,720 Accumulated Depreciation-Equipment 180,311 Inventory 302,720 Rent payable (short-term) Bonds payable Discount on bonds payable Cash Land Notes receivable 15,380 362,720 482,720 448,420 267,720 492,720 ? 100,350 Income taxes payable Rent payable (long-term) Common stock, $1 par value Preferred stock, $10 par value Prepaid expenses Equipment Debt investments (trading) Accumulated Depreciation-Buildings Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) 1,602,720 Buildings Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same. (List Current Assets in the order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.)
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