The accounting records of Arroya Foods, Inc., include the following items at December $31,2021$ :

$($Click the icon to view the accounting records.$)$

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Requirement $1.$ Show how each relevant item would be reported on the Arroya Foods classified balance sheet. Include headings and totals for current liabilities and long$-$term liabilities.

Select the labels and then enter the amounts to complete the classified balance sheet. You will need to determine the total current assets value from the information provided and you calculations. $($Abbreviations used: liab. $=$ liabilities, NP $=$ notes payable, and pay. $=$ payable.$)$

Arroya Foods, Inc.

Partial Balance Sheet

December $31,2021$

Assets

Liabilities

Current liabilities:

Bonds pay., current portion

Interest payable

Mortgage NP$,$ current

$$

$$

$$

$$

$$

$$

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The accounting records of Arroya Foods, Inc., include the following items at December $31,2021$ :

$($Click the icon to view the accounting records.$)$

Read the requirements.

$\backslash$table$[[,$Interest payable,$],[,$Mortgage NP$,$ current,$],[$Total current assets,Total current liabilities,$],[$Noncurrent assets:,Long$-$term liabilities:,$1],[$Long$-$term investments,Mortgage NP$,$ long$-$term,$],[$Property$,$ plant, and equipment:,Leases payable, long$-$term,$],[$Equipment$,$Bonds pay., long$-$term,$],[$Less: Accumulated depreciation,Less: Discount on bonds pay.,$],[$Total long$-$term liabilities,$],[$Total liabilities,$],[$Total stockholders' equity,$],[$Total assets,Total liab. and stockholders equity,$]]$

Data table