Question 4 of 4 You are provided with the following information for Sunland Company, effective as of its April 30, 2025, year-end. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) Notes payable (short-term) Prepaid insurance Q Search $856 840 590 1,380 17,000 1,000 425 315 2,600 2,000 175 155 270 550 1,010 14,670 2,900 4.500 54 50 99+ 87 6 2.67/4 11

You are provided with the following information for Surland Company, effective as of its April 30, 2025, year-end. Prepare a classified balance sheet for Sunland Company as of April 30, 2025. (List Current Assets in order of liquidity). SUNLAND COMPANY Balance Sheet Assets Current Assets Cash $ Stock imestments Accounts Receivable Imventory Prepaid insurance Totat Current Aswets Totul Propersy, Plant,and Equipment 5 Depreciation expense 425 Dividends 315 Equipment 2.600 Goodwill 2,000 Income tax expense 175 Income taxes payable 155 Insurance expense 270 Interest expense 550 Inventory 1,010 Investment in land 14,670 Land 2.900 Mortgage payable (long-term) 4.500 Notes payable (short-term) 54 Prepaid insurance 50 Retained earnings (beginning) 1.500 Salaries and wages expense 650 Salaries and wages payable 280 Sales revenue 5,100 Stockinvestments (short-term) 1.200 Question 4 of 4 2.67/4 $ Long Term imvestments Labilities and Stockholders' Equity Cucrent uabilities Accounts Paybole s Notes Pavatile Salaries and Wages Pavable Uncome Tous Peratie