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The following items are taken from the financial statements of Oriole Company at December 31, 2022. Land $ 196,000 Accounts receivable 22,000 Supplies 11,000 Cash
The following items are taken from the financial statements of Oriole Company at December 31, 2022. Land $ 196,000 Accounts receivable 22,000 Supplies 11,000 Cash 11,800 Equipment 82,200 261,000 46,400 5,700 Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) 12.700 71,500 505,000 Accumulated depreciation-buildings 34,400 Accumulated depreciation-buildings 34.400 Accounts payable 9,000 91,700 18,700 Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable 3,300 14,500 Patents 47.400 72,800 Investments in stock (long-term) Debt investments (short-term) 4,500 Prepare a classified balance sheet. Assume that $ 9,100 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.) ORIOLE COMPANY Balance Sheet For the Year Ended December 31, 2022 For the Year Ended December 31, 2022 (in millions) Assets Current Assets Land Debt Investments (short term) Supplies Cash Notes Receivable Total Current Assets Long-Term Investments A Long-Term Investments Stock Investments (long term) Property, Plant and Equipment Equipment $ Less Accumulated Depreciation Equipment (18.70 Buildings 261.000 Less Accumulated Depreciation-Buildings (34.40 Land improvements 46,400 Less Accumulated Depreciation-Land Improvements (12.70 Long-Term Liabilities Mortgage Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity
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