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Suppose the following items were taken from the 2017 financial statements of Wildhorse Co.. (All dollars are in millions.) Common stock $ 2,280 Accumulated depreciationequipment

Suppose the following items were taken from the 2017 financial statements of Wildhorse Co.. (All dollars are in millions.)

Common stock

$ 2,280

Accumulated depreciationequipment

$ 3,640

Prepaid rent

150

Accounts payable

1,140

Equipment

6,980

Patents

2,340

Stock investments (long-term)

720

Notes payable (long-term)

920

Debt investments (short-term)

1,690

Retained earnings

8,350

Income taxes payable

140

Accounts receivable

1,860

Cash

1,460

Inventory

1,270

Prepare a classified balance sheet in good form as of December 31, 2017. (List current assets in order of liquidity.)

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