Selected accounts from Gregor Co.s 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.

Total equity	$	62,000			Accounts payable	$	3,200
Patents		6,400			Accumulated depreciationEquipment		23,800
Cash		7,200			Notes payable (due in 9 years)		23,000
Land		42,000			Goodwill		6,200
Equipment		32,000			Accumulated depletionSilver mine		5,400
Silver mine		27,000			Accumulated amortizationPatents		3,400

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