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These items are taken from the financial statements of Swifty Corp. at December 31, 2018. $179,860 Buildings Accounts receivable Prepaid insurance 21,420 7,956 Cash 20,128
These items are taken from the financial statements of Swifty Corp. at December 31, 2018. $179,860 Buildings Accounts receivable Prepaid insurance 21,420 7,956 Cash 20,128 Equipment 140,080 Land 104,040 Office expense 986 Income tax expense 340 9,010 Depreciation expense Interest expense 4,420 Common shares 105,400 68,000 77,520 14,280 Retained earnings (January 1, 2018) Accumulated depreciation-building Accounts payable Income taxes payable Bank loan payable (due July 1, 2020) Accumulated depreciation-equipment 1,870 159,120 31,824 Interest payable 6,120 Sales 24,106 Prepare a classified statement of financial position. Assume that $23,120 of the bank loan payable will be paid in 2019. (List Property, plant and equipment in order of land, buildings and equipment. List Current Assets in order of liquidity.) Assets . $ $ . $ . . Total Assets . $ Liabilities and Stockholders' Equity $ . $ $
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