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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
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) $197,000 22,200 9,700 11,900 84,000 263,600 46,400 6,300 13,300 79,500 490,000 33,500 10,500 100,800 18,700 3,100 15,700 47,100 72,400 4,500 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.) CRANE COMPANY Balance Sheet (in millions) Assets Current Assets $ 11900 Cash
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