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These financial statement items are for Ivanhoe Company at year-end, July 31, 2022. $2,570 52.500 22.600 21,700 5,400 62.400 Salaries and wages payable Salaries and

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These financial statement items are for Ivanhoe Company at year-end, July 31, 2022. $2,570 52.500 22.600 21,700 5,400 62.400 Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due 2024) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) 8,600 1,650 15,000 22,000 12.650 6,000 5,300 4,200 39,330 Prepare a classified balance sheet at July 31, 2022. (List Current assets in order of liquidity.) IVANHOE COMPANY Balance Sheet July 31, 2022 Assets Current Assets Cash $ 22000 Accounts Receivable 12650 Total Current Assets s 34 Property. Plant and Equipment Accumulated Depreciation Equipment Liabilities and Stockholders' Equity Current Liabilities Salaries and Wages Payable 2570 Accounts Payable 21700 Total Current Liabilities

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