Presented below are a number of balance sheet items for Kingbird, Inc. for the current year, 2020, $ 292,380 Goodwill Payroll Taxes Payable Bonds payable Discount on bonds payable 241,810 302,010 47,010 100.372 Cash 482,010 Land $ 127,010 Accumulated Depreciation Equipment 179,601 Inventory Rent payable (short-term) 15,380 Income taxes payable 362,010 Rent payable (long-term) 482,010 Common stock $1 par value 447710 Preferred stock, $10 par value 267,010 Prepaid expenses 492,010 Equipment Debt investments (trading) 99,640 Accumulated Depreciation Buildings 1,602,010 Buildings 202,010 152,010 89.930 Notes receivable Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) 1.472,010 123,010 270,580 1,642010 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.) KINGBIRD, INC. Balance Sheet Assets $ Liabilities and stockholders tout kuna SIOUSONS DU Somen