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

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

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Presented below are a number of balance sheet items for Flint, Inc., for the current year, 2017 Goodwill Payroll Taxes Payable Bonds payable Discount on bonds payable Cash Land Notes receivable Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) 292,310 243,580 49,780 102,142 483,780 203,780 153,780 91,700 1,473,780 124,780 270,510 1,643,780 181,371 Inventory 03,780 Rent payable (short-term) 15,310 363,780 483,7B0 449,480 268,7B0 493,780 Income taxes payable Rent payable (long-term) Common stock, $1 par value Preferred stock, S10 par value Prepaid expenses Equipment 7 Debt investments (trading) 101,410 Accumulated Depreciation-Buildings 1,503,70 Buildings Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 2D,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.) Liabilities and Stockholders' Equity

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