Saved Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3: Accounts Payable $ 298,500 Equipment 1,054,000 Common Stock 500,000 Income Tax Payable 9,750 Retained Earnings 136,750 Notes Payable, due Year 5 858,000 Accounts Receivable 506,250 Cash 242,750 Required: Prepare a classified balance sheet at December 31, Year 3. EVAN MCGRUDER, INC. Balance Sheet