S 7-20 (Algo) Preparing a balance sheet LO P2, P4, C3 Selected accounts from Bennett Company's adjusted trial balance for the year ended December 31 follow. Prepaid rent Accounts receivable Cash Retained earnings Common stock $ 2,100 Accounts payable 15,500 Allowance for doubtful accounts 23,000 Notes payable (due in 10 years) 10,500 Notes receivable (due in 4 years) 21,200 $ 3,600 1,300 7,000 3,000 Prepare a classified balance sheet. Note: Allowance for doubtful accounts is subtracted from accounts receivable balance sheet. Current assets BENNETT COMPANY Balance Sheet December 31 Assets 13