The trial balance of Peoples Choice Wholesale Company contained the following accounts shown at December 31, the end of the companys fiscal year.

PEOPLES CHOICE WHOLESALE COMPANY Trial Balance December 31, 2017
		Debit		Credit
Cash		$ 50,240
Accounts Receivable		60,160
Inventory		112,000
Land		147,200
Buildings		320,000
Accumulated DepreciationBuildings				$ 96,000
Equipment		133,600
Accumulated DepreciationEquipment				64,800
Notes Payable				87,520
Accounts Payable				28,000
Common Stock				256,000
Retained Earnings				107,520
Dividends		16,000
Sales Revenue				1,475,360
Sales Discounts		9,600
Cost of Goods Sold		1,135,840
Salaries and Wages Expense		82,080
Utilities Expense		18,240
Maintenance and Repairs Expense		14,240
Advertising Expense		8,320
Insurance Expense		7,680
		$2,115,200		$2,115,200

Adjustment data:

1.		Depreciation is $12,800 on buildings and $11,200 on equipment. (Both are operating expenses.)
2.		Interest of $7,200 is due and unpaid on notes payable at December 31.
3.		Income tax due and unpaid at December 31 is $38,400.

Other data: $24,000 of the notes payable are payable next year.

(d3) Prepare a classified balance sheet at December 31, 2017. (List current assets order of liquidity and property, plant and equipment in order of land, buildings and equipment.) PEOPLE'S CHOICE WHOLESALE COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity Open Show Work click if you would like to Show Work for this