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Presented below are a number of balance sheet items for Oriole, Inc., for the current year, 2017. Goodwill $ 126,300 Accumulated Depreciation-Equipment $ 292,150 Payroll

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

Goodwill $ 126,300 Accumulated Depreciation-Equipment $ 292,150
Payroll Taxes Payable 178,891 Inventory 241,100
Bonds payable 301,300 Rent payable (short-term) 46,300
Discount on bonds payable 15,150 Income taxes payable 99,662
Cash 361,300 Rent payable (long-term) 481,300
Land 481,300 Common stock, $1 par value 201,300
Notes receivable 447,000 Preferred stock, $10 par value 151,300
Notes payable (to banks) 266,300 Prepaid expenses 89,220
Accounts payable 491,300 Equipment 1,471,300
Retained earnings ? Equity investments (trading) 122,300
Income taxes receivable 98,930 Accumulated Depreciation-Buildings 270,350
Notes payable (long-term) 1,601,300 Buildings 1,641,300

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 equity 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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