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Question 3 The following items were taken from the financial statements of Pearson Company on December 31, 2018. Accounts payable Accounts receivable Accumulated depreciation -

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Question 3 The following items were taken from the financial statements of Pearson Company on December 31, 2018. Accounts payable Accounts receivable Accumulated depreciation - building, Accumulated depreciation - equipment Building Cash Equipment Interest payable J. Pearson, capital $ 105,600 197,000 79,900 14,000 306,300 16,500 155,600 16,500 279,400 Licenses Long-term equity investments Mortgage payable Notes payable Prepaid insurance Salaries payable Supplies Unearned revenue S 98,300 45,800 230,000 55,000 6,900 28,700 10,100 27,400 Additional information: All accounts have normal balances. $17,250 of the mortgage payable will be paid before December 31, 2019. The notes payable are payable on May 17, 2019. On the Question 3 tab of the Excel file provided, prepare a classified balance sheet in good form as at December 31, 2018. Use each workspace as you see fit-it is just space in which to work

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