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Presented below are a number of balance sheet items for Coronado, Inc. for the current year, 2020. Goodwill Payroll Taxes Payable Bonds payable Discount on
Presented below are a number of balance sheet items for Coronado, Inc. for the current year, 2020. Goodwill Payroll Taxes Payable Bonds payable Discount on bonds payable Cash Land Notes receivable Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) $ 127,010 179,601 302,010 15,380 362,010 482,010 447,710 267,010 492,010 ? 99,640 1,602,010 Accumulated Depreciation-Equipment Inventory Rent payable (short-term) Income taxes payable Rent payable (long-term) Common stock, $1 par value Preferred stock, $10 par value Prepaid expenses Equipment Debt investments (trading) Accumulated Depreciation-Buildings Buildings $ 292,380 241,810 47,010 100,372 482,010 202,010 152,010 89,930 1,472,010 123,010 270,580 1,642,010 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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