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Presented below are a number of balance sheet items for Rizzo, Inc., for the current year. Payroll taxes payable $ 65,300 Inventory Buildings 2,800,000 Unsecured

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Presented below are a number of balance sheet items for Rizzo, Inc., for the current year. Payroll taxes payable $ 65,300 Inventory Buildings 2,800,000 Unsecured notes payable (long-term) Bonds payable 500,000 Rent payable (short-term) Land 351,000 Common stock, $1 par value Income tax payable 110,800 Premium on bonds payable Cash 61,000 Rent payable (long-term) Goodwill 210,000 Accumulated depreciation - equipment Notes receivable 160,500 Preferred stock, $25 par value Prepaid expenses 68,760 Notes payable (to banks) Accounts payable 347,000 Equipment Income taxes receivable 45,600 Accumulated depreciation - buildings Retained earnings ? Debt investments (trading) $ 398,600 1,230,000 40,000 250,000 35,000 80,000 467,000 1,250,000 264,900 1,386,000 361,200 375,000 Required: Prepare a classified balance sheet in good form at year-end. 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

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