Test One Calculator Classified Balance Sheet The following balance sheet items, listed in alphabetical order, are available from the records of Singer Company at December 3 1, 2017: Accounts payable Accounts receivable Accumulated depreciation - buildings Accumulated depreciation equipment Bonds payable, due December 31, 2023 Buildings Capital stock, $1 par value Cash $34,280 Interest payable 26,700 40,000 12,500 250,000 150,000 200,000 Land Marketable securities Merchandise inventory Notes payable, due April 15, 2018 Office supplies Paid-in capital in excess of par value $2,200 250,000 15,000 112,900 6,500 400 75,000 45,0D0 3,600 113,510 7,400 >Equipment 60,790 Patents 84,500 Prepaid rent Income taxes payable 7,500 Retained earnings Salaries payable Required: 1. Prepare a classified balance sheet as of December 31, 2017 Singer Company Balance Sheet December 31, 2017 Assets Current assets: Cash 68.790 5,000 26,700 112,900 3,600 400 Accounts receivable Prepaid rent Office supplies Next