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The following items are taken from the financial statements of Ivanhoe Company at December 31, 2022. Land $ 197,900 Accounts receivable 22,000 Supplies 10,200 Cash
The following items are taken from the financial statements of Ivanhoe Company at December 31, 2022.
Land | $ 197,900 | ||
Accounts receivable | 22,000 | ||
Supplies | 10,200 | ||
Cash | 12,050 | ||
Equipment | 82,100 | ||
Buildings | 261,200 | ||
Land improvements | 45,900 | ||
Notes receivable (due in 2023) | 6,200 | ||
Accumulated depreciationland improvements | 12,700 | ||
Common stock | 80,000 | ||
Retained earnings (December 31, 2022) | 495,000 | ||
Accumulated depreciationbuildings | 33,600 | ||
Accounts payable | 9,800 | ||
Mortgage payable | 91,900 | ||
Accumulated depreciationequipment | 18,950 | ||
Interest payable | 3,400 | ||
Income taxes payable | 15,500 | ||
Patents | 46,700 | ||
Investments in stock (long-term) | 71,300 | ||
Debt investments (short-term) | 5,300
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Prepare a classified balance sheet. Assume that $ 9,300 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.) IVANHOE COMPANY Balance Sheet December 31, 2022 (in millions) Assets $ HL Liabilities and Stockholders' Equity
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