Problem 3-1 (Static) Balance sheet preparation [LO3-2, 3-3]

Presented below is a list of balance sheet accounts.

Accounts payable	Cash
Accounts receivable	Common stock
Accumulated depreciationbuildings	Copyright (net)
Accumulated depreciationequipment	Equipment
Allowance for uncollectible accounts	Interest receivable (due in three months)
Restricted cash (to be used in 10 years)	Inventory
Bonds payable (due in 10 years)	Land (in use)
Buildings	Long-term investments
Notes payable (due in 6 months)	Interest payable (current)
Notes receivable (due in 2 years)	Retained earnings
Patent (net)	Short-term investments
Additional paid-in capital	Income taxes payable
Prepaid expenses	Salaries payable

Required: Prepare a classified balance sheet ignoring monetary amounts. (Enter the answer in the order of liquidity.)

Name of Company Balance Sheet At [date] Assets Current assets: Total current assets Investments: Total investments Property, plant, and equipment: Net property, plant, and equipment Intangible assets: Total intangible assets Total assets Liabilities and Shareholders' Equity Current liabilities: Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Shareholders' equity: Total shareholders' equity Total liabilities and shareholders' equity