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Problem 3-1 (Static) Balance sheet preparation [LO3-2, 3-3] Presented below is a list of balance sheet accounts. Accounts payable Accounts receivable Accumulated depreciation- buildings

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Problem 3-1 (Static) Balance sheet preparation [LO3-2, 3-3] Presented below is a list of balance sheet accounts. Accounts payable Accounts receivable Accumulated depreciation- buildings Accumulated depreciation- equipment Allowance for uncollectible accounts Land (held for speculation) Bonds payable (due in 10 years) Buildings Notes payable (due in 6 months) Notes receivable (due in 2 years) Patent (net) Additional paid-in capital Prepaid expenses Required: Cash Common stock Copyright (net) Equipment Interest receivable (due in three months) Inventory Land (in use) Long-term equity investments Interest payable (current) Retained earnings Short-term investments Income taxes payable Salaries payable Prepare a classified balance sheet ignoring monetary amounts. Note: Enter the answer in the order of liquidity. Current assets: Name of Company Balance Sheet At [date] Assets Total current assets Investments: Total investments Property, plant, and equipment: Net property, plant, and equipment Intangible assets:

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