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Presented below are a number of balance sheet items for Pina, Inc. for the current year, 2020. $ 126,790 Accumulated Depreciation-Equipment $ 292,160 179.381 Inventory
Presented below are a number of balance sheet items for Pina, Inc. for the current year, 2020. $ 126,790 Accumulated Depreciation-Equipment $ 292,160 179.381 Inventory 241,590 Goodwill Payroll Taxes Payable Bonds payable Discount on bonds payable 301,790 46,790 Rent payable (short-term) Income taxes payable 15,160 100,152 Cash 361.790 Rent payable (long-term) 481.790 Land 481.790 Common stock. $1 par value 201.790 Notes receivable 447.490 Preferred stock, $10 par value 151,790 266,790 Prepaid expenses 89.710 491,790 Equipment 1,471.790 Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) ? 122,790 Debt investments (trading) Accumulated Depreciation-Buildings 99.420 270,360 1.601.790 Buildings 1,641,790 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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