Problem #3 Assume that Houston Company has the following accounts at December 31, 2020. 1. Common Stock. 2. Discount on Bonds Payable. 3. Treasury Stock (at cost). 4. Notes Payable (short-term). 5. Raw Materials. 6. Preferred Stock Investments (long-term). 7. Unearned Rent Revenue. 8. Work in Process. 9. Copyrights. 10.Buildings. 11.Notes Receivable (short-term). 12.Cash 13.Salaries and Wages Payable. 14. Accumulated Depreciation - Buildings. 15.Accumulated Other Comprehensive Income. 16.Cash Restricted for Plant Expansion. 17.Land Held for Future Plant Site. 18.Noncontrolling Interest. 19. Allowance for Doubtful Accounts - Accounts Receivable. 20.Retained Earnings. 21.Paid-in Capital in Excess of Par Common Stock. 22.Unearned Subscriptions Revenue. 23.Receivables Officers (due in one year). 24.Finished Goods. 25. Accounts Receivable. 26.Bonds Payable (due in 4 years). Instructions: Prepare a classified balance sheet in good form. (No monetary amounts are necessary.)