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Question 8 of 20 View Policies Current Attempt in Progress The following data, presented in alphabetical order, are taken from the records of Blossom Corporation.
Question 8 of 20 View Policies Current Attempt in Progress The following data, presented in alphabetical order, are taken from the records of Blossom Corporation. Accounts payable $239,500 Accounts receivable 139,100 Accumulated depreciation-buildings 180,300 Accumulated depreciation-equipment 52,200 Allowance for doubtful accounts 6,800 Bonds payable (10%, due 2030) 500,000 Buildings 949,900 Cash 41,600 Common stock ($10 par value; 503,100 shares authorized, 149,800 shares issued) 1,498,000 Dividends payable 79,600 Equipment 274,400 Goodwill 199,300 Income taxes payable 120,400 Inventory 170,500 Investment in Mara common stock (30% ownership), at equity 379,700 Investment in Sasse common stock, at fair value 278,900 Land 391,000 Notes payable (due 2023) 70,600 Paid-in capital in excess of par-common stock 129,900 Premium on bonds payable 40,900 Prepaid insurance 17,000 Retained earnings 102,600 Short-term investments, at fair value 179,400 The investment in Sasse common stock is considered to be a long-term security. Prepare a classified balance sheet at December 31, 2022. (List assets in order of liquidity. List Property, plant and equipment list in order of land, buildings and equipment.) BLOSSOM CORPORATION Balance Sheet December 31, 2022 Assets $ : > ( A Liabilities and Stockholders' Equity $ ( > (
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