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Question I These items are taken from the financial statements of Swifty Corporation at December 31, 2017 Buildings $86,756 Accounts receivable 10,332 Prepaid insurance 2,624

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Question I These items are taken from the financial statements of Swifty Corporation at December 31, 2017 Buildings $86,756 Accounts receivable 10,332 Prepaid insurance 2,624 Cash 9,709 Equipment 67,566 Land 50,184 Insurance expense 640 Depreciation expense Interest expense 2,132 Commoni stock 49,200 Retained earnings (January 1, 2017) 32,801 Accumulated depreciation-buildings 37,392 Accounts payable 7,790 Notes payable 76,752 Accumulated depreciation equipment Interest payable 2,952 Service revenue 12,054 Ty 15,350 Prepare a classified balance sheet. Assume that $11,152 of the note payable will be paid in 2018. (tist current assets in order of liquidity and property plant and en del and equipment.) Swifty Corporation Balance Sheet Assets L CO O 3 O S till System Announcements Ime: 03:13 PM / Remaining: 110 min. and equipment.) Swifty Corporation Balance Sheet Assets Liabilities and Stockholders' Equity Her 1 System Announcements 03:13 PM / Remaining: 110 min. Liabilities and Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work

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