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The two photos are connected. Please help Current Attempt in Progress The following items are taken from the financial statements of Wildhorse Co. at December
The two photos are connected. Please help
Current Attempt in Progress The following items are taken from the financial statements of Wildhorse Co. 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) $196,400 22,700 9,500 11,850 82,800 262,200 46,200 5,700 13,000 74,500 513,000 32,700 9,700 80,250 19,000 3,900 14,700 46,900 72,100 4.400 Prepare a classified balance sheet. Assume that $10,000 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.) WILDHORSE CO. Balance Sheet (in millions) Assets Liabilities and Stockholders' Equity $ WILDHORSE CO. Balance Sheet (in millions Assets $ Liabilities and Stockholders' Equity $ $Step by Step Solution
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