Presented below are a number of balance sheet items for Grouper, Inc., for the current year, 2017.

Goodwill		$ 128,160		Accumulated Depreciation-Equipment		$ 292,390
Payroll Taxes Payable		180,751		Inventory		242,960
Bonds payable		303,160		Rent payable (short-term)		48,160
Discount on bonds payable		15,390		Income taxes payable		101,522
Cash		363,160		Rent payable (long-term)		483,160
Land		483,160		Common stock, $1 par value		203,160
Notes receivable		448,860		Preferred stock, $10 par value		153,160
Notes payable (to banks)		268,160		Prepaid expenses		91,080
Accounts payable		493,160		Equipment		1,473,160
Retained earnings		?		Debt investments (trading)		124,160
Income taxes receivable		100,790		Accumulated Depreciation-Buildings		270,590
Notes payable (long-term)		1,603,160		Buildings		1,643,160

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. Presented below are a number of balance sheet items for Grouper, Inc., for the current year, 2017.

Goodwill		$ 128,160		Accumulated Depreciation-Equipment		$ 292,390
Payroll Taxes Payable		180,751		Inventory		242,960
Bonds payable		303,160		Rent payable (short-term)		48,160
Discount on bonds payable		15,390		Income taxes payable		101,522
Cash		363,160		Rent payable (long-term)		483,160
Land		483,160		Common stock, $1 par value		203,160
Notes receivable		448,860		Preferred stock, $10 par value		153,160
Notes payable (to banks)		268,160		Prepaid expenses		91,080
Accounts payable		493,160		Equipment		1,473,160
Retained earnings		?		Debt investments (trading)		124,160
Income taxes receivable		100,790		Accumulated Depreciation-Buildings		270,590
Notes payable (long-term)		1,603,160		Buildings		1,643,160

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. Presented below are a number of balance sheet items for Grouper, Inc., for the current year, 2017.

Goodwill		$ 128,160		Accumulated Depreciation-Equipment		$ 292,390
Payroll Taxes Payable		180,751		Inventory		242,960
Bonds payable		303,160		Rent payable (short-term)		48,160
Discount on bonds payable		15,390		Income taxes payable		101,522
Cash		363,160		Rent payable (long-term)		483,160
Land		483,160		Common stock, $1 par value		203,160
Notes receivable		448,860		Preferred stock, $10 par value		153,160
Notes payable (to banks)		268,160		Prepaid expenses		91,080
Accounts payable		493,160		Equipment		1,473,160
Retained earnings		?		Debt investments (trading)		124,160
Income taxes receivable		100,790		Accumulated Depreciation-Buildings		270,590
Notes payable (long-term)		1,603,160		Buildings		1,643,160

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.