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Selected financial information for Sheridan as at December 31, 2021, follows: Accounts payable $ 209,000 Land $ 104,000 Accounts receivable 190,000 Licences 59,000 Accumulated depreciation-building

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Selected financial information for Sheridan as at December 31, 2021, follows: Accounts payable $ 209,000 Land $ 104,000 Accounts receivable 190,000 Licences 59,000 Accumulated depreciation-building 75,000 Long-term equity investments 44,000 Building 258,000 220,000 Cash Mortgage payable Notes payable 15,500 54,000 Goodwill 35,000 Prepaid expenses 6,900 Interest payable 17,000 Salaries payable 28,500 J. Chrowder, capital 92,400 Supplies 11,000 Unearned revenue 27,500 Additional information: Additional information: 1. 2. All accounts have normal balances. . $ 16,000 of the mortgage payable will be paid before December 31, 2022. The notes payable are payable on May 17, 2022. 3. Prepare a classified balance sheet. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land Building and Equipment.) SHERIDAN Balance Sheet Assets

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