Question 2 of 7 - 71 View Policies Current Attempt in Progress Presented below are a number of balance sheet items for Nash, Inc. for the current year, 2020. Goodwill $ 127,700 Accumulated Depreciation Equipment $ 292,160 Payroll Taxes Payable 180,291 Inventory 242,500 Bonds payable 302,700 Rent payable (short-term) 47,700 Discount on bonds payable 15,160 Income taxes payable 101,062 Cash 362,700 Rent payable (long-term) 482,700 Land 482,700 Common stock, $1 par value 202,700 Notes receivable 448,400 Preferred stock, $10 par value 152,700 Notes payable (to banks) 267,700 Prepaid expenses 90,620 Accounts payable 492,700 Equipment 1,472,700 Retained earnings ? Debt investments (trading) 123,700 Income taxes receivable 100,330 Accumulated Depreciation-Buildings 270,360 Notes payable (long-term) 1,602,700 Buildings 1,642,700 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 order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.) NASH, INC. Balance Sheet Assets $