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

Goodwill		$ 126,830		Accumulated Depreciation-Equipment		$ 292,290
Payroll Taxes Payable		179,421		Inventory		241,630
Bonds payable		301,830		Rent payable (short-term)		46,830
Discount on bonds payable		15,290		Income taxes payable		100,192
Cash		361,830		Rent payable (long-term)		481,830
Land		481,830		Common stock, $1 par value		201,830
Notes receivable		447,530		Preferred stock, $10 par value		151,830
Notes payable (to banks)		266,830		Prepaid expenses		89,750
Accounts payable		491,830		Equipment		1,471,830
Retained earnings		?		Debt investments (trading)		122,830
Income taxes receivable		99,460		Accumulated Depreciation-Buildings		270,490
Notes payable (long-term)		1,601,830		Buildings		1,641,830

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 the order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.)

Presented below are a number of balance sheet items for Cheyenne, Inc., for the current year, 2017 Goodwill Payroll Taxes Payable Bonds payable Discount on bonds payable Cash $292,290 241,630 46,830 100,192 481,830 201,830 151,830 89,750 1,471,830 122,830 270,490 1,641,830 $126,830 Accumulated Depreciation-Equipment 179,421 Inventony 301,830 Rent payable (short-term) 15,290 Income taxes payable 361,830 Rent payable (long-term) 481,830 Common stock, $1 par value 47,530 Preferred stock, $10 par value 266,830 Prepaid expenses 491,830 Equipment Land Notes receivable Notes payable (to banks) Accounts payable Retained earnings ncome taxes receivable ? 99,460 Debt investments (trading) Accumulated Depreciation-Buildings Notes payable (long-term) 1,601,830 Buildings 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 the order of liquidity. List Property,Plant and Equipment in order of Land, Building and Equipment.) CHEYENNE, INC. Balance Sheet December 31, 2017 Assets Current Assets Cash 361,830 Debt Investments 122,830 Notes Receivable 447,530 Income Tax Receivable 99,460 Inventory 241,630 Prepaid Expenses 89,750 Total Current Assets 1363030 Property, Plant and Equipment Land 481,830 Buildings 1,641,830 Less 270,490 1371340 Accumulated Depreciation-Building Accumulated Depreciation-Building Equipment 1,471,830 Less 292,290 1179540 3032710 Accumulated Depreciation-Equipment Intangible Assets Goodwill 126,830 Total Assets 4522570 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Notes Payable Payroll Taxes Payable Income Tax Payable Rent Payable 491,830 266,830 179,421 100,192 46,830 Total Current Liabilities 1085103 Long-term Liabilities Rent Payable 481,830 Bonds Payable 301,830 Less 15,290 768370 Discount on Bonds Payable Notes Payable 1,601,830 2852030 Total Long-term Liabilities 3937133 Stockholders' Equity Capital Stock Preferred Stock 151,830 Common Stock 201,830 353660 353660 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity