The Concord Corporation is located in midtown Madison. During the past several years, net income has been declining because of suburban shopping centers. At the end of the company's fiscal year on November 30, 2022, the following accounts appeared in two of its trial balances. All accounts balances are normal. Unadjusted Adjusted Unadjusted Adjusted Accounts Payable $25,000 $25,000 Inventory $29,000 $29,000 Accounts Receivable 30,300 30,300 Notes payable 36,500 36,500 Accumulated Depr.-Equipment 35,000 46,000 Prepaid Insurance 10,500 3,400 Cash 26,000 26,000 Property Tax Expense 2,500 Common Stock 40,200 40,200 Property Taxes Payable 2,500 Cost of Goods Sold 509,000 509,000 Rent Expense 17,000 17,000 Dividends 10,500 10,500 Retained Earnings 61,700 61,700 Freight-Out 5,000 5,000 Salaries and Wages Expense 94,900 94,900 Equipment 146,500 146,500 Sales Commissions Expense 6,500 11,000 Depreciation Expense 11,000 Sales Commissions Payable 4,500 Insurance Expense 7,100 Sales Returns and Allowances 7,800 7,800 Interest Expense 6,200 6,200 Sales Revenue 700,000 700,000 Interest Revenue 9,000 9,000 Utilities Expense 8,200 8,200 Prepare a balance sheet. Notes payable are due in 2025. (List Current Assets in order of liquidity.) The Concord Corporation Balance Sheet Current Assets Accounts Receivable Cash Prepaid Insurance Inventory Property, Plant and Equipment Intangible Assets Cost of Goods Sold Less : Accumulated Depreciation-Equipment Total Assets Current Liabilities Accounts Payable Notes Payable Property Taxes Payable Total Current Liabilities Long-term Liabilities Sales Commissions Payable Total Long-term Liabilities Stockholders' Equity Retained Earnings Common Stock Total Stockholders' Equity Total Liabilities and Stockholders' Equity November 30, 2022 Assets $ 30,300 Liabilities and Stockholders' Equity 26,000 3,400 29,000 509,000 46,000 25,000 36,500 2,500 61,700 40,200 LL