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Selected accounts from Gregor Company's adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Note:On the company's balance sheet,

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Selected accounts from Gregor Company's adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Note:On the company's balance sheet, accumulated depreciation is subtracted from equipment, accumulated amortization is subtracted from patents, and accumulated depletion is subtracted from silver mine. Gregor, Capital $ 50,000 Accounts payable $ 2,000 Patents 4,000 Accumulated depreciation-Equipment 13,000 Cash 6,000 Notes payable (due in 9 years) Land 11,000 30,000 Goodwill 5,000 Equipment 20,000 Accumulated depletion-Silver mine 3,000 Silver mine 15,000 Accumulated amortization-Patents 1,000 GREGOR COMPANY Balance Sheet December 31 Assets Current assets Plant assets Total plant assets Intangible assets Total intangible assets Total assets Assets Current assets Plant assets Total plant assets Intangible assets Total intangible assets Total assets + + Liabilities Current liabilities Long-term liabilities Total liabilities Equity Total liabilities and equity

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