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Use information to prepare a classified balance sheet. First you will want to calculate the balance of Miley, Capital that would appear on the 12/31/2004

Use information to prepare a classified balance sheet.

First you will want to calculate the balance of Miley, Capital that would appear on the 12/31/2004 Balance Sheet -1 suggest using a statement of owner's equity layout. Then prepare the classified balance sheet. Remember that "classified balance sheet is a format rather than a title. Be sure to include the heading and any relevant classifications of assets and liabilities. Also include subtotals

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