Question text

Classified Balance Sheet The Cambridge Company collected the following information for the preparation of its December 31, 2013, classified balance sheet:

Prepare a classified balance sheet for Cambridge Company.

Accounts Receivable	$19,000	Property Plant and Equipment	$200,000
Cash	24,000	Inventory	65,000
Other Current Assets	34,000	Other Long-Term Assets	44,000
Accounts Payable	25,000	Common stock	109,000
Long-Term Liabilities	59,000	Retained Earnings	?
Other Current Liabilities	22,000
CAMBRIDGE COMPANY Balance Sheet December 31,2013
	Assets			Liabilities & Stockholders' Equity
	Current Assets:			Current Liabilities:
	Answer
$Answer		Answer
$Answer
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Answer		Other Current Liabilities	Answer
	Inventory	Answer		Total Current Liabilities	Answer
	Answer
Answer
	Total Current Assets	Answer		Long-term Liabilities
				Answer
Answer
	Long-term Assets			Total Long-term Liabilities	Answer
	Property, Plant and Equipment	Answer
	Answer
Answer		Total Liabilities	Answer
	Total Long-term Assets	Answer
				Stockholders' Equity:
				Answer
Answer
				Answer
Answer
				Total Stockholders' Equity	Answer
	Total Assets	$Answer