• Presented below are a number of balance sheet items for jay leno, inc., for the current year ended june 30, 2012. debits credits goodwill $ 125,000 payroll taxes payable $ 177,591 bonds payable 300,000 discounts on bonds payable 15,000 cash 360,000 land 480,000 notes receivable 545,700 notes payable to banks 265,000 accounts payable 590,000 retained earnings ? refundable federal and state income taxes 97,630 unsecured notes payable (long-term) 1,600,000 accumulated depreciation-equipment 292,000 inventories 239,800 rent payable-short term 45,000 taxes payable 98,362 long term rental obligations 480,000 common stock, $1 par value 200,000 preferred stock, $10, par value 150,000 prepaid expenses 87,920 equipment 1,470,000 trading securities 121,000 accumulated depreciation-building 170,200 building 1,640,000 instructions 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 marketable securities are the same.