Problem 5-06A The trial balance of Windsor Wholesale Company contained the following accounts shown at December 31, the end of the company's fiscal year. WINDSOR WHOLESALE COMPANY Trial Balance December 31,2022 Debit Credit $31,200 Cash Accounts Receivable 38,300 70,700 Inventory Land 91,700 Buildings 199,700 Accumulated Depreciation-Buildings $59,700 Equipment 83,200 Accumulated Depreciation-Equipment 40,200 Notes Payable 54,400 Accounts Payable 17,200 Common Stock 159,700 Retained Earnings 66,900 Dividends 9,700 Sales Revenue 921,800 Sales Discounts 5,700 Cost of Goods Sold 709,600 Salaries and Wages Expense 51,000 Utilities Expense 11,100 Maintenance and Repairs Expense 8,600 Advertising Expense 4,900 4,500 Insurance Expense $1,319,900 $1,319,900 Adjustment data: Depreciation is $7,700 on buildings and $6,700 on equipment. (Both are operating expenses.) Interest of $4,200 is due and unpaid on notes payable at December 31 Income tax due and unpaid at December 31 is $23,700 1. 2. 3. Other data: $14,700 of the notes payable are payable next year. Prepare a classified balance sheet at December 31, 2022. (List current assets in order of liquidity and property, plant and equipment in order of land, buildings WINDSOR WHOLESALE COMPANY Balance Sheet December 31, 2022 Assets Current Assets 31200 Cash 38300 Accounts Receivable 70700 Inventory 140200 Total Current Assets Property, Plant and Equipment Land 91700 199700 Buildings Accumulated Depreciation-Buildings 67400 Less Equipment 83200 260300 Less Accumulated Depreciation-Equipment 46900 36300 400500 Total Assets Liabilities and Stockholders' Equity Current Liabilities Notes Payable 14700 Accounts Payable 17200 Income Taxes Payable 23700 Interest Payable 4200 59800 Total Current Liabilities Long-term Liabilities Notes Payable 39700 Total Liabilities 99500 Stockholders' Equity Common Stock 159700 Retained Earnings 76600 Total Stockholders' Equity 236300 335800 Total Liabilities and Stockholders' Equity Open Show Work Click if you would like to Show Work for this