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Presented below are a number of balance sheet items for Whispering, Inc. for the current year, 2020. $127,010 Accumulated Depreciation-Equipment $292,380 Goodwill Payroll Taxes Payable

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Presented below are a number of balance sheet items for Whispering, Inc. for the current year, 2020. $127,010 Accumulated Depreciation-Equipment $292,380 Goodwill Payroll Taxes Payable 179,601 Inventory 241,810 47,010 Bonds payable 302,010 Rent payable (short-term) Income taxes payable Discount on bonds payable 15,380 100,372 Rent payable (long-term) Cash 362,010 482,010 Land Common stock, $1 par value 202,010 482,010 Preferred stock, $10 par value Notes receivable 447,710 152,010 267,010 Prepaid expenses Notes payable (to banks) 89,930 Accounts payable 492,010 Equipment 1,472,010 Debt investments (trading) Retained earnings 123,010 Income taxes receivable 99,640 Accumulated Depreciation-Buildings 270,580 Notes payable (long-term) 1,602,010 Buildings 1,642,010 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 imvestments (trading) are the same. (List Current Assets in order of liquidity. List Presented below are a number of balance sheet items for Whispering, Inc. for the current year, 2020. $127,010 Accumulated Depreciation-Equipment $292,380 Goodwill Payroll Taxes Payable 179,601 Inventory 241,810 47,010 Bonds payable 302,010 Rent payable (short-term) Income taxes payable Discount on bonds payable 15,380 100,372 Rent payable (long-term) Cash 362,010 482,010 Land Common stock, $1 par value 202,010 482,010 Preferred stock, $10 par value Notes receivable 447,710 152,010 267,010 Prepaid expenses Notes payable (to banks) 89,930 Accounts payable 492,010 Equipment 1,472,010 Debt investments (trading) Retained earnings 123,010 Income taxes receivable 99,640 Accumulated Depreciation-Buildings 270,580 Notes payable (long-term) 1,602,010 Buildings 1,642,010 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 imvestments (trading) are the same. (List Current Assets in order of liquidity. List

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