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Presented below are a number of balance sheet items for Bonita, Inc. for the current year, 2020. Goodwill $ 128,730 Accumulated Depreciation-Equipment $ 292,200 Payroll

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

Goodwill

$ 128,730

Accumulated Depreciation-Equipment

$ 292,200

Payroll Taxes Payable

181,321

Inventory

243,530

Bonds payable

303,730

Rent payable (short-term)

48,730

Discount on bonds payable

15,200

Income taxes payable

102,092

Cash

363,730

Rent payable (long-term)

483,730

Land

483,730

Common stock, $1 par value

203,730

Notes receivable

449,430

Preferred stock, $10 par value

153,730

Notes payable (to banks)

268,730

Prepaid expenses

91,650

Accounts payable

493,730

Equipment

1,473,730

Retained earnings

?

Debt investments (trading)

124,730

Income taxes receivable

101,360

Accumulated Depreciation-Buildings

270,400

Notes payable (long-term)

1,603,730

Buildings

1,643,730

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.)

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