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These items are taken from the financial statements of Sheridan Company at December 31, 2022. Buildings $ 97,336 Accounts receivable 11,592 Prepaid insurance 2,944 Cash

These items are taken from the financial statements of Sheridan Company at December 31, 2022.

Buildings $ 97,336
Accounts receivable 11,592
Prepaid insurance 2,944
Cash 10,893
Equipment 75,808
Land 56,304
Insurance expense 718
Depreciation expense 4,876
Interest expense 2,392
Common stock 55,200
Retained earnings (January 1, 2022) 36,801
Accumulated depreciationbuildings 41,952
Accounts payable 8,740
Notes payable 86,112
Accumulated depreciationequipment 17,222
Interest payable 3,312
Service revenue 13,524

Prepare a classified balance sheet. Assume that $ 12,512 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.)image text in transcribedimage text in transcribedimage text in transcribed

SHERIDAN COMPANY Balance Sheet V Assets $ $ > Liabilities and Stockholders' Equity $ > >

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