Question 5 Presented below are a number of balance sheet items forBlossom, Inc., for the current year, 2017. Goodwill $128,160 Accumulated Depreciation-Equipment $292,390 Payroll Taxes Payable 180,751 Inventory 242,960 Bonds payable 303,160 Rent payable (short-term) 48,160 Discount on bonds payable 15,390 Income taxes payable 101,522 Cash 363,160 Rent payable (long-term) 483,160 Land 483,160 Common stock, $1 par value 203,160 Notes receivable 448,860 Preferred stock, $10 par value 153,160 Notes payable (to banks) 268,160 Prepaid expenses 91,080 Accounts payable 493,160 Equipment 1,473,160 Retained earnings ? Debt investments (trading) 124,160 Income taxes receivable 100,790 Accumulated Depreciation-Buildings 270,590 Notes payable (long-term) 1,603,160 Buildings 1,643,160 Need to create a classified balance sheet in good form. Common stock authorized was400,000shares, and preferred stock authorized was20,000shares. 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 the order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.)