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The following items are taken from the financial statements of Ivanhoe Company at December 31, 2022. Land $ 195,600 Accounts receivable 21,200 Supplies 9,000 Cash
The following items are taken from the financial statements of Ivanhoe Company at December 31, 2022. Land $ 195,600 Accounts receivable 21,200 Supplies 9,000 Cash 11,850 Equipment 83,400 Buildings 263,400 Land improvements 45,750 5,600 Notes receivable (due in 2023) Accumulated depreciation-land improvements 12,900 Common stock 78,500 492,000 Retained earnings (December 31, 2022) Accumulated depreciation-buildings Accounts payable 32,600 9.600 Mortgage payable 96,950 Accumulated depreciation-equipment 18,750 Accumulated depreciation-land improvements 12,900 Common stock 78,500 Retained earnings (December 31, 2022) 492,000 Accumulated depreciation-buildings 32,600 Accounts payable 9,600 96,950 Mortgage payable Accumulated depreciation-equipment 18,750 Interest payable 3,700 Income taxes payable 15.400 Patents 47,600 Investments in stock (long-term) 72,000 Debt investments (short-term) 5,000 Prepare a classified balance sheet. Assume that $ 9,800 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
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