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Question 3: ( B1, C2, D3) (10 Points) The following items were taken from the records of DELTA Company at the end of 2018. Bonds

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Question 3: ( B1, C2, D3) (10 Points) The following items were taken from the records of DELTA Company at the end of 2018. Bonds payable $10,000 Accumulated Depreciation(land) 4,000 Prepaid Expense 1,000 Accounts Payable 3,000 Land 20,000 Long term Notes payable 1,000 Additional Paid in Capital 3,000 Long term investment 6,000 Short term investment 5,000 Common Stock 20,000 2,000 8,000 Accrual expense Cash Accounts Receivable Retained Earnings 2,000 10,000 Patents 6,000 Inventories 5,000 Instructions: Prepare a classified balance sheet in good form as of December 31, 2018

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