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Presented below are a number of balance sheet items for Marigold, Inc., for the current year, 2017. Goodwill $128,190 Accumulated Depreciation-Equipment $292,170 Payroll Taxes Payable

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

Goodwill $128,190 Accumulated Depreciation-Equipment $292,170
Payroll Taxes Payable 180,781 Inventory 242,990
Bonds payable 303,190 Rent payable (short-term) 48,190
Discount on bonds payable 15,170 Income taxes payable 101,552
Cash 363,190 Rent payable (long-term) 483,190
Land 483,190 Common stock, $1 par value 203,190
Notes receivable 448,890 Preferred stock, $10 par value 153,190
Notes payable (to banks) 268,190 Prepaid expenses 91,110
Accounts payable 493,190 Equipment 1,473,190
Retained earnings ? Equity investments (trading) 124,190
Income taxes receivable 100,820 Accumulated Depreciation-Buildings 270,370
Notes payable (long-term) 1,603,190 Buildings 1,643,190

Prepare a classified balance sheet in good form. Common stock authorized was400,000shares, and preferred stock authorized was20,000shares. 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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