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The following data, presented in alphabetical order, are taken from the records of Wildhorse Corporation. Accounts payable $239,400 Accounts receivable 139,300 Accumulated depreciationbuildings 180,300 Accumulated
The following data, presented in alphabetical order, are taken from the records of Wildhorse Corporation.
Accounts payable | $239,400 | |
Accounts receivable | 139,300 | |
Accumulated depreciationbuildings | 180,300 | |
Accumulated depreciationequipment | 51,800 | |
Allowance for doubtful accounts | 6,500 | |
Bonds payable (10%, due 2028) | 499,400 | |
Buildings | 949,200 | |
Cash | 41,900 | |
Common stock ($10 par value; 501,200 shares authorized, 149,600 shares issued) | 1,496,000 | |
Dividends payable | 80,200 | |
Equipment | 275,600 | |
Goodwill | 200,400 | |
Income taxes payable | 119,800 | |
Inventory | 169,900 | |
Investment in Mara common stock (30% ownership), at equity | 379,900 | |
Investment in Sasse common stock, at fair value | 278,200 | |
Land | 390,400 | |
Notes payable (due 2021) | 69,400 | |
Paid-in capital in excess of parcommon stock | 134,900 | |
Premium on bonds payable | 39,900 | |
Prepaid insurance | 15,000 | |
Retained earnings | 103,200 | |
Short-term investments, at fair value | 181,000 |
The investment in Sasse common stock is considered to be a long-term security. Prepare a classified balance sheet at December 31, 2020. (List assets in order of liquidity. List Property, plant and equipment list in order of land, buildings and equipment.)
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