Presented below are a number of balance sheet items for Roma, Inc., for the current year, 2020.

Goodwill $ 210,000

Accumulated depreciationequipment $ 467,000

Payroll taxes payable $65,300

Inventory $ 398,600

Bonds payable $500,000

Rent payable (short-term) $40,000

Discount on bonds payable $35,000

Income tax payable $110,800

Cash $ 61,000

Rent payable (long-term) $80,000

Land $351,000

Common stock, $1 par value $250,000

Notes receivable $160,500

Preferred stock, $25 par value $1,250,000

Notes payable (to banks) $264,900

Prepaid expenses $68,760

Accounts payable $ 347,000

Equipment $1,386,000

Retained earnings ?

Equity investments (trading) $375,000

Income taxes receivable $45,600

Accumulated depreciationbuildings $361,200

Unsecured notes payable (long-term) $1,300,000

Buildings $2,800,000

Instructions:

Prepare a classified balance sheet in good form.

Common stock authorized was 1,000,000 shares, and preferred stock authorized was 50,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of equity investments (trading) are the same.