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Presented below are a number of balance sheet items for Tamarisk, Inc. for the current year, 2020. Goodwill Payroll Taxes Payable $ 127,700 Accumulated Depreciation

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Presented below are a number of balance sheet items for Tamarisk, Inc. for the current year, 2020. Goodwill Payroll Taxes Payable $ 127,700 Accumulated Depreciation Equipment $ 292,160 180,291 Inventory 242,500 302,700 Rent payable (short-term) 47,700 15,160 Income taxes payable 101,062 Bonds payable Discount on bonds payable 482,700 Cash 202,700 Land 362,700 Rent payable (long-term) 482,700 Common stock, $1 par value 448.400 Preferred stock, $10 par value 267,700 Prepaid expenses 152,700 Notes receivable 90,620 Notes payable (to banks) Accounts payable 492,700 Equipment 1,472,700 ? Retained earnings 123,700 Debt Investments (trading) 270,360 Income taxes receivable 100,330 Accumulated Depreciation-Buildings 1,602,700 Buildings 1,642,700 Notes payable (long-term) 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 order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.) TAMARISK, INC. Balance Sheet TAMARISK, INC. Balance Sheet Assets $ Liabilities and Stockholders' Equity $ $

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