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The following information is available for Mullen Company for the year ended December 31, 2020: Accounts payable 5,700 Stock investments (long-term) 9,400 Accumulated depreciation, building
The following information is available for Mullen Company for the year ended December 31, 2020:
Accounts payable 5,700
Stock investments (long-term) 9,400
Accumulated depreciation, building 4,000
Retained earnings 16,000
Common stock 4,800
Intangible assets 2,500
Notes payable (due in 5 years) 106,000
Accounts receivable 1,500
Cash 2,600
Debt investments (short-term) 3,000
Land 10,000
Building 107,500
Instructions
Use the above information to prepare a classified balance sheet for the year ended December 31, 2020.
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