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Requirement 3. Prepare a classified balance sheet (report form) at December 31, 2024. Assume the note payable is long-term Start by preparing the assets

Requirement 3. Prepare a classified balance sheet (report form) at December 31, 2024. Assume the note payable is long-term Start by preparing the assets section of the statement. In the next step, prepare the liabilities and owner's equity sections to complete the balance sheet. Calla Canoe Company Balance Sheet December 31, 2024 Assets Less Less Liabilities Owner's Equity

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