Problem 5-2 Presented below are a number of balance sheet items for Pina, Inc., for the current year, 2017 Goodwill Payroll Taxes Payable Bonds payable $127,730 Accumulated Depreciation-Equipment 292,500 242,530 47,730 101,092 482,730 202,730 152,730 90,650 1,472,730 123,730 270,700 1,642,730 180,321 Inventory 302,730 Rent payable (short-term) Discount on bonds payable Cash 15,500 362,730 482,730 448,430 267,730 492,730 ? 100,360 Income taxes payable Rent payable (long-term) Common stock, $1 par value Preferred stock, $10 par value Prepaid expenses Equipment Debt investments (trading) Accumulated Depreciation-Buildings Land Notes receivable Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) 1,602,730 Buildings 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. (List Current Assets in the order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.)