Using the following accounts how do you prepare a classified balance sheet a year and May 31, 2014.

Accounts payable $1600

Accounts receivable $2200

Accumulated depreciation equipment $1400

Cash $400

Common stock $2000

Equipment $6000

Franchise $400

Investments long-term $1000

Merchandise inventory $1200

Notes payable long-term $800

Retail earnings ?

Wages payable $200

Assume that this is the company's first year of operation