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Question 1 of 2 -/5 = View Policies Current Attempt in Progress These items are taken from the financial statements of Tamarisk, Inc. at December

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Question 1 of 2 -/5 = View Policies Current Attempt in Progress These items are taken from the financial statements of Tamarisk, Inc. at December 31, 2017. Buildings Accounts receivable Prepaid insurance Cash Equipment Land $114,264 13,608 3,456 12,787 88,992 66,096 842 5,724 2,808 Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2017) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue 64,800 43,199 49,248 10,260 101,088 20,218 3,888 15,876 Prepare a classified balance sheet. Assume that $14,688 of the note payable will be paid in 2018. (List current assets in order of liquidity and property plant and equipment in order of land, buildings and equipment.) Prepare a classified balance sheet. Assume that $14,688 of the note payable will be paid in 2018. (List current assets in order of liquidity and property plant and equipment in order of land, buildings and equipment.) Tamarisk, Inc. Balance Sheet Assets $ $ Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity $ $

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