Presented below are a number of balance sheet items for Montoya, Inc., for the current vear, 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) $ 125,000 Accumulated depreciation - equ $ 292,000 177,591 Inventory 239,800 300,000 Rent payable (short-term) 45,000 15,000 Income taxes payable 98,362 360,000 Rent payable (long-term) 480,000 480,000 Common stock, $1 par value 200,000 445,700 Preferred stock, $10 par value 150,000 265,000 Prepaid expenses 87,920 490,000 Equipment 1,470,000 ? Debt investments (trading) 121,000 97,630 Accumulated depreciationbuil 270,200 1,600,000 Buildings 1,640,000 Instructions 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. 100 points maximum MONTOYA, INC. Balance Sheet December 31, 2020 Assets Current assets Property, plant, and equipment Intangible assets iabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity