The following items are taken from the financial statements of Crane Company at December 31, 2022. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) $195,800 21,400 10,400 11,850 83,800 262,000 45,900 5,400 13,200 80,000 500,000 33,600 9,600 86,450 18,900 3,100 15,100 47,100 71,600 4,700 Prepare a classified balance sheet. Assume that $10,500 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.) CRANE COMPANY Balance Sheet December 31, 2022 CRANE COMPANY Balance Sheet December 31, 2022 (in millions) Assets Current Assets Cash 11850 Debt Investments 4700 Accounts Receivable Notes Receivable 5400 Supplies 10400 Total Current Assets 537 Property, Plant and Equipment Land 1958 Long-Term Investments Stock Investments Buildings $ Long-Term Investments Stock Investments Buildings Buildings Accumulated Depreciation-Equipment Intangible Assets Patents Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 9,600 Interest Payable 3,100 total current total current Total Current Liabilities Long-Term Liabilities 27,8 Long-Term Liabilities Mortgage Payable 86,4 Total Liabilities 114,2 Stockholders' Equity Common Stock 80,000 common stock Retained Earnings Retained Earnings 500,000 Total Stockholders' Equity 580,0 Total Liabilities and Stockholders' Equity 694,2 total current Total Current Liabilities 27,8 total current Total Current Liabilities Long-Term Liabilities Mortgage payable Total Liabilities Long-Term Liabilities Mortgage Payable 86,4 114,2 Stockholders' Equity Common Stock 80,000 common stock Retained Earnings Retained Earnings 500,000 Total Stockholders' Equity 580,0 Total Liabilities and Stockholders' Equity 694,2