Problems P 3-1 The following information was obtained from the accounts of Airlines International dated December 31, 2012. It is presented in alphabetical order. Accounts payable $ 77,916 Accounts receivable 67,551 Accrued expenses 23,952 Accumulated depreciation 220,541 Allowance for doubtful accounts 248 Capital in excess of par 72,913 Cash- 28,837 Common stock (par $0.50, authorized 20,000 shares, issued 14,304 shares) 7,152 Current installments of long-term debt- 36,875 Deferred income tax liability (long term) 42,070 Inventory 16,643 Investments and special funds 11,901 Long-term debt, less current portion Woo al al 215x 05 393,808 Marketable securities 10,042 ER Other assets 727 Prepaid expenses 3,963 Property, plant, and equipment at cost 809,980 Retained earnings 67,361 Unearned transportation revenue (airline tickets expiring within one year) 6,808 Required Prepare a classified balance sheet in report form