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Question 2 These items are taken from the financial statements of Bramble Corp. at December 31, 2017 Buildings Accounts receivable Prepaid insurance Cash Equipment Land

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Question 2 These items are taken from the financial statements of Bramble Corp. at December 31, 2017 Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2017) Accumulated depreciation-buildings Accounts payable $110,032 13,104 3,328 12,314 85,696 63,648 811 5,512 2,704 62,400 41,600 47,424 9,880 97,344 Accumulated depreciation-equipment 19,469 3,744 15,288 Notes payable Interest payable Service revenue Prepare a classified balance sheet. Assume that $ 14,144 of the note payable will be paid in 2018. (List current assets in or Prepare a classifed balance sheet.Assume that $ 14,144 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) Bramble Corp. Balance Sheet For the Year Ended December 31, 2017 Assets Current Assets 12314 Cash 3328 Prepaid Insurance 13104 Accounts Recelvable 28746 Total Current Assets Intangible Assets Liabilities and Stockholders' Equity

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