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0.2 12 marks The following accounts appeared on the trail balance of Biden Company at December 31, 2019. Cash surrender for life insurance 2,251,200 Cash

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0.2 12 marks The following accounts appeared on the trail balance of Biden Company at December 31, 2019. Cash surrender for life insurance 2,251,200 Cash 1,364,000 Notes Receivable (Due 12/12/2023) 1,104,000 Customer list 1,543,200 Material control 12,642,000 Prepaid Rent for 3 years 448,000 Salaries and Wages Payable 273,600 Income Taxes Payable 1,248,000 Notes Payable (short-term) 1,536,000 Common Stock 9,000,000 Appropriated Retained Earnings 2,352.000 Supplies 302,400 Accumulated Depreciation - mach. 1,531,200 Machines 15.408,000 Preferred Stock 6,000,000 Trading Securities 585,600 Land used as parking 3,720,000 Bank overdraft 45,600 Allowance for Doubtful Acets. 62.400 Bonds Payable Due 1/1/2023 9,600,000 Unappropriated Retained Earnings 2,544,000 Accounts Receivable 4,147.200 Accounts Payable 3,279,600 Additional Paid-in Capital 1,310,400 Required: Prepare classified Balance sheet statement

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