The following balances are from the post-closing trial balance of Armour Inc.

Account Title	Debit	Credit
Cash	$12,800	$
Accounts receivable	52,000
Allowance for doubtful accounts		6,000
Inventory	72,000
Prepaid insurance	960
Short-term investments	22,400
Equipment	80,000
Building	240,000
Accumulated depreciationequipment		16,000
Accumulated depreciationbuilding		6,000
Goodwill	24,240
Accounts payable		36,000
Salaries payable		4,000
Interest payable		1,200
Income tax payable		7,200
Notes payable, 8%, 5-year		200,000
Bonds payable, 7%, 10-year		12,000
Common stock		160,000
Retained earnings		56,000
Totals	$504,400	$504,400

Required

a. Prepare a classified balance sheet for Armour Inc. as of December 31, 2020.

• Do not use negative signs with any of your answers.
• List current liabilities in the order of the largest dollar amount to the smallest dollar amount.