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Use the following information to prepare a classified balance sheet for Blackmon Co. at the end of 2014: Accounts receivable $36,200 Accounts payable 12,400 Cash

Use the following information to prepare a classified balance sheet for Blackmon Co. at the end of 2014: Accounts receivable $36,200 Accounts payable 12,400 Cash 29,650 Common stock 50,000 Long-term notes payable 45,500 Merchandise inventory 38,300 Office equipment 36,400 Retained earnings 36,250 Prepaid insurance 3,600 --------------------------------------------------------------------------------

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