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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

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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 12,787 Equipment 88,992 Land 66,096 Insurance expense 842 Depreciation expense 5,724 Interest expense 2,808 Common stock 64,800 43,199 Retained earnings (January 1, 2022) Accumulated depreciation-buildings 49,248 Accounts payable 10,260 Notes payable 101,088 Accumulated depreciation equipment 20,218 20,218 Accumulated depreciation equipment Interest payable Service revenue 3,888 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 December 31, 2022 Assets Current Assets 12.787 Cash 13,608 Accounts Receivable 3,456 Prepaid Insurance Total Current Assets Property, plant and Equipment Land 66,096 Buildings 114,264 Less Accumulated Depreciation-Buildings 42.948 71.316 Equipment 88,992 Less V Accumulated Depreciation Equipment 20,218 68,774 Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 10.260 Notes Payable 1010 101088 Notes Payable 3.888 Interest Payable Total Current Liabilities

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