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Suppose the following items were taken from the 2017 financial statements of Blossom Company .(All dollars are in millions.) Common stock $3,100 Accumulated depreciationequipment $3,730

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

Common stock $3,100 Accumulated depreciationequipment $3,730
Prepaid rent 150 Accounts payable 1,680
Equipment 6,400 Patents 2,440
Stock investments (long-term) 640 Notes payable (long-term) 790
Debt investments (short-term) 1,800 Retained earnings 6,060
Income taxes payable 170 Accounts receivable 1,800
Cash 1,190 Inventory 1,110

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

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