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The following items are taken from the financial statements of Sunland Company at December 31, 2022. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements
The following items are taken from the financial statements of Sunland Company at December 31, 2022. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements M 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) $196,800 22.200 10,000 11,900 83,400 263.000 45,900 5,300 13,400 70,000 492,000 33,700 9,900 105,150 18,950 3,800 15,100 46,600 71,900 5,000 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, B SUNLAND COMPANY Balance Sheet (in millions) Assets 11900 $ 22200 10000 5000 Liabilities and Stockholders' Equity $ $ $
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