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These items are taken from the financial statements of Concord Corporation at December 31, 2017. Buildings $90,988 Accounts receivable 10,836 Prepaid insurance 2,752 Cash 10,182

These items are taken from the financial statements of Concord Corporation at December 31, 2017.

Buildings $90,988
Accounts receivable 10,836
Prepaid insurance 2,752
Cash 10,182
Equipment 70,864
Land 52,632
Insurance expense 671
Depreciation expense 4,558
Interest expense 2,236
Common stock 51,600
Retained earnings (January 1, 2017) 34,400
Accumulated depreciationbuildings 39,216
Accounts payable 8,170
Notes payable 80,496
Accumulated depreciationequipment 16,099
Interest payable 3,096
Service revenue 12,642

Prepare a classified balance sheet. Assume that $11,696 of the note payable will be paid in 2018.

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