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Presented below are a number of balance sheet items for Monty, Inc. for the current year, 2020. Goodwill $ 129,510 Accumulated Depreciation-Equipment $ 292,500 Payroll

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

Goodwill

$ 129,510

Accumulated Depreciation-Equipment

$ 292,500

Payroll Taxes Payable

182,101

Inventory

244,310

Bonds payable

304,510

Rent payable (short-term)

49,510

Discount on bonds payable

15,500

Income taxes payable

102,872

Cash

364,510

Rent payable (long-term)

484,510

Land

484,510

Common stock, $1 par value

204,510

Notes receivable

450,210

Preferred stock, $10 par value

154,510

Notes payable (to banks)

269,510

Prepaid expenses

92,430

Accounts payable

494,510

Equipment

1,474,510

Retained earnings

?

Debt investments (trading)

125,510

Income taxes receivable

102,140

Accumulated Depreciation-Buildings

270,700

Notes payable (long-term)

1,604,510

Buildings

1,644,510

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.)

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