Statement The following information is available for Philips Company for the year ended December 31, 2019: 5,000 Accounts payable $ 4,300 Accumulated depreciation equipment Owner's capital 8,300 Intangible assets 2,500 Notes payable (due in 5 years) 6,500 Accounts receivable 1,900 Cash 2,800 Short-term investments 2,500 Equipment 8,700 Long-term investments 5,700 Instructions Use the above information to prepare a classified balance sheet for the year ended December 31, 2016