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Selected accounts from Gregor Companys adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Note: On the companys balance

Selected accounts from Gregor Companys adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Note: On the companys balance sheet, accumulated depreciation is subtracted from equipment, accumulated amortization is subtracted from patents, and accumulated depletion is subtracted from silver mine.

Common stock $ 10,000 Accounts payable $ 3,300
Retained earnings 53,000 Accumulated depreciationEquipment 24,700
Patents 6,600 Notes payable (due in 9 years) 24,000
Cash 7,300 Goodwill 6,300
Land 43,000 Accumulated depletionSilver mine 5,600
Equipment 33,000 Accumulated amortizationPatents 3,600
Silver mine 28,000

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Balance Sheet December 31 Assets Current assets Plant assets 0 0 0 Total plant assets Intangible assets 0 Total intangible assets 0 Total assets $ 0 Liabilities Current liabilities Long-term liabilities Total liabilities 0 Equity 0 Total equity Total liabilities and equity $ 0

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