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These items are taken from the financial statements of Donovan Co. at December 31, 2012. Building $95, 800 Accounts receivable 7.600 Prepaid insurance 4, 680

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These items are taken from the financial statements of Donovan Co. at December 31, 2012. Building $95, 800 Accounts receivable 7.600 Prepaid insurance 4, 680 Cash 18.840 Equipment 79.400 Land 61, 200 Common stock 57,000 Retained earnings 46, 500 Accumulated depreciation-building 45, 600 Accounts payable 7, 500 Mortgage payable 88, 600 Accumulated depreciation-equipment 18, 720 Interest payable 3.600 Prepare a classified balance sheet. Assume that $13, 600 of the mortgage payable will be paid in 2013

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