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These items are taken from the financial statements of Grouper Co. at December 31, 2025. Prepare a classified balance sheet. Assume that $12,512 of the
These items are taken from the financial statements of Grouper Co. at December 31, 2025. Prepare a classified balance sheet. Assume that $12,512 of the note payable will be paid in 2026. (List Current Assets in order of liquidity and Property, Plant and Equipment in order of Land, Buildings and Equipment.) Liabilities and Stockholders' Equity Accounts Payable Unearned Service Revenue Interest Payable Total Current Liabilities Long-Term Liabilities Notes Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity 12512 Total Liabilities and Stockholders' Equity
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