Presented below are a number of balance sheet items for Crane, Inc. for the current year, 2020.

Goodwill		$ 129,340		Accumulated Depreciation-Equipment		$ 292,330
Payroll Taxes Payable		181,931		Inventory		244,140
Bonds payable		304,340		Rent payable (short-term)		49,340
Discount on bonds payable		15,330		Income taxes payable		102,702
Cash		364,340		Rent payable (long-term)		484,340
Land		484,340		Common stock, $1 par value		204,340
Notes receivable		450,040		Preferred stock, $10 par value		154,340
Notes payable (to banks)		269,340		Prepaid expenses		92,260
Accounts payable		494,340		Equipment		1,474,340
Retained earnings		?		Debt investments (trading)		125,340
Income taxes receivable		101,970		Accumulated Depreciation-Buildings		270,530
Notes payable (long-term)		1,604,340		Buildings		1,644,340

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 debt investments (trading) are the same. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.)

CRANE, INC. Balance Sheet December 31, 2020 Assets Current Assets T Cash 364340 | Debt Investments 125340 T Notes Receivable 450040 T Income Tax Receivable 101970 T Inventory 244140 T Prepaid Expenses 92260 T Total Current Assets 1 1378090 Property, Plant and Equipment T Land 484340 T Buildings 1644340 Accumulated Depreciation -270530 1373810 Equipment 1474340 TAccumulated Depreciation -292330) - -292330 1182010 1 1182010) 3040160 Intangible Assets T Goodwill 129340 T Total Assets 4547590 Liabilities and Stockholders' Equity TCurrent Liabilities T Notes Payable 269340 Accounts Payable 494340 arch T ITLUME Tax Payable TUZ702 T Payroll Taxes Payable 181931 T Total Current Liabilities 1097653 TLong-term Liabilities T Notes Payable 1604340 rent 484340 Less 77. Bonds Payable 304340 2408350 T Stockholders' Equity x = Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS