The following items are taken from the financial statements of Pharoah Company at December 31, 2022.

Land			$196,800
Accounts receivable			21,300
Supplies			10,800
Cash			11,850
Equipment			83,700
Buildings			263,800
Land improvements			45,900
Notes receivable (due in 2023)			5,200
Accumulated depreciationland improvements			13,500
Common stock			73,000
Retained earnings (December 31, 2022)			504,000
Accumulated depreciationbuildings			33,100
Accounts payable			9,000
Mortgage payable			93,850
Accumulated depreciationequipment			18,700
Interest payable			3,100
Income taxes payable			15,700
Patents			47,800
Investments in stock (long-term)			72,500
Debt investments (short-term)			4,300

Prepare a classified balance sheet. Assume that $9,900 of the mortgage payable will be paid in 2023. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings, Equipment and Land Improvements.)

Prepare a classified balance sheet. Assume that $9.900 of the mortgage payable will be paid in 2023. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings, Equipment and Land Improvements.) PHAROAH COMPANY Balance Sheet (in millions) Assets $ $ Liabilities and Stockholders' Equity $