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These items are taken from the financial statements of Ivanhoe Company at December 31, 2022. Buildings $114,264 Accounts receivable 13,608 Prepaid insurance 3,456 Cash
These items are taken from the financial statements of Ivanhoe Company at December 31, 2022. Buildings $114,264 Accounts receivable 13,608 Prepaid insurance 3,456 Cash Equipment 12,787 88,992 Land 66,096 Insurance expense 842 Depreciation expense 5,724 Interest expense 2,808 Common stock 64,800 Retained earnings (January 1, 2022) 43,199 Accumulated depreciation-buildings 49,248 Accounts payable 10,260 Notes payable 101,088 Accumulated depreciation-equipment 20,218 Interest payable 3,888 Service revenue 15,876 Prepare a classified balance sheet. Assume that $14,688 of the note payable will be paid in 2023. (List Current Assets in order of liquidity and Property, Plant and Equipment in order of Land, Buildings and Equipment.) IVANHOE COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity $
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