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Presented below are a number of balance sheet items for Marin, Inc. for the current year, 2020. Goodwill $ 129,170 Accumulated Depreciation-Equipment $ 292,100 Payroll

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

Goodwill

$ 129,170

Accumulated Depreciation-Equipment

$ 292,100

Payroll Taxes Payable

181,761

Inventory

243,970

Bonds payable

304,170

Rent payable (short-term)

49,170

Discount on bonds payable

15,100

Income taxes payable

102,532

Cash

364,170

Rent payable (long-term)

484,170

Land

484,170

Common stock, $1 par value

204,170

Notes receivable

449,870

Preferred stock, $10 par value

154,170

Notes payable (to banks)

269,170

Prepaid expenses

92,090

Accounts payable

494,170

Equipment

1,474,170

Retained earnings

?

Debt investments (trading)

125,170

Income taxes receivable

101,800

Accumulated Depreciation-Buildings

270,300

Notes payable (long-term)

1,604,170

Buildings

1,644,170

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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