Required Prepare a classified balance sheet that features each of the following asset categories total current assets, total long term investments, total property, plant and equipment, current liabilities, long term liabilities, total equity B Now consider a separate company Your analysis of the fixed asset account at the end of 2021 for DIPLO Corporation reveals the following information DIPLO owns two tracts of land The first, which cost $60,000, has a current market value of $70,000 and is being held as a future building site The second, that cost $50,000 when it was purchased ten years ago, has a current market value of $120,000 This site hosts the current office and factory buildings DIPLO owns an office building and a factory building that were built ten years ago at a cost of $200,000 and $300,000 respectively At that time each was expected to have life of thirty years and salvage value of 10 of original cost DIPLO uses straight line depreciation DIPLO owns factory machinery with a total cost of $60,000 and accumulated depreciation of $37,000 Included in factory machinery is one machine that cost $10,000 and has accumulated depreciation of $8,000 that is being held for resale and is not being used in operations Required Prepare the plant, property and equipment section of DIPLOs Balances Sheet dated December 31, 2021 A The following is a list (in random order) of the December 31,2021 balance sheet accounts of SIA Company begin tabular l r l r hline Additional Paid in Capital $9,300 Bond sinking fund $4,000 hline Accounts receivable 13,800 Accounts payable 16,300 hline Dividends payable 1,800 Buildings 50,000 hline Bonds payable (due 2025) 29,000 Retained earnings hline Office supplies 1,900 Income taxes payable 4,200 hline Accumulated depreciation 20,700 Inventory 24,400 hline Discount on bonds payable 2,000 Prepaid expenses 900 hline Equipment 29,000 Common stock 15,000 hline Preferred stock 10,000 Trading securities 8,800 hline Interest payable 2,900 Treasury stock 1,500 hline Cash 9,600 Land 9,500 hline LandheldforspeculationInvestmentinunconsolidatedsubsidiary 20,000 Cashsurrendervalueoflifeinsurance 10,000 hline end tabular

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Required: Prepare a classified balance sheet that features each of the following asset categories: total current assets, total long-term investments, total property, plant and equipment,

Required:Prepare a classified balance sheet that features each of the following asset categories: total current assets, total long-term investments, total property, plant and equipment, current liabilities, long-term liabilities, total equity.

B. Now consider a separate company. Your analysis of the fixed asset account at the end of 2021 for DIPLO Corporation reveals the following information:

DIPLO owns two tracts of land. The first, which cost $60,000, has a current market value of $70,000 and is being held as a future building site. The second, that cost $50,000 when it was purchased ten years ago, has a current market value of $120,000. This site hosts the current office and factory buildings.
DIPLO owns an office building and a factory building that were built ten years ago at a cost of $200,000 and $300,000 respectively. At that time each was expected to have life of thirty years and salvage value of 10% of original cost. DIPLO uses straight-line depreciation.
DIPLO owns factory machinery with a total cost of $60,000 and accumulated depreciation of $37,000. Included in factory machinery is one machine that cost $10,000 and has accumulated depreciation of $8,000 that is being held for resale and is not being used in operations.

Required: Prepare the plant, property and equipment section of DIPLOs Balances Sheet dated December 31, 2021.

A. The following is a list (in random order) of the December 31,2021 balance sheet accounts of SIA Company: \begin{tabular}{|l|r|l|r|} \hline Additional Paid-in Capital & $9,300 & Bond sinking fund & $4,000 \\ \hline Accounts receivable & 13,800 & Accounts payable & 16,300 \\ \hline Dividends payable & 1,800 & Buildings & 50,000 \\ \hline Bonds payable (due 2025) & 29,000 & Retained earnings & ??? \\ \hline Office supplies & 1,900 & Income taxes payable & 4,200 \\ \hline Accumulated depreciation & 20,700 & Inventory & 24,400 \\ \hline Discount on bonds payable & 2,000 & Prepaid expenses & 900 \\ \hline Equipment & 29,000 & Common stock & 15,000 \\ \hline Preferred stock & 10,000 & Trading securities & 8,800 \\ \hline Interest payable & 2,900 & Treasury stock & 1,500 \\ \hline Cash & 9,600 & Land & 9,500 \\ \hline LandheldforspeculationInvestmentinunconsolidatedsubsidiary & 20,000 & Cashsurrendervalueoflifeinsurance & 10,000 \\ \hline \end{tabular}