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These items are taken from the financial statements of Kingbird, Inc. at December 31, 2017 $124,844 14,868 3,776 13,971 97,232 72,216 920 6,254 3,068 70,800

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These items are taken from the financial statements of Kingbird, Inc. at December 31, 2017 $124,844 14,868 3,776 13,971 97,232 72,216 920 6,254 3,068 70,800 47,199 53,808 11,210 110,448 22,090 4,248 17,346 Accounts receivable Prepaid insurance Equipment Land Insurance expense Interest expense Common stock Retained earnings (January 1, 2017) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue Prepare a classified balance sheet. Assume that $16,048 of the note payable will be paid in 2018. (List current assets in order of liquidity and property plant and equipment in order of land, buildings and Kingbird, Inc. Balance Sheet Assets Liabilities and Stockholders' Equity

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