vino Instructions Prepare a classified balance sheet in good form. (No monetary amounts are to be shown.) P5.2 (LO2) Excel (Balance Sheet Preparation) Presented below are a number of balance sheet items for Montoya, Inc. for the current year, 2020. Goodwill Payroll taxes payable Bonds payable Discount on bonds payable Cash Land Notes receivable Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) $ 125,000 177,591 300,000 15,000 360,000 480,000 445,700 265,000 490,000 ? 97,630 1,600,000 Accumulated depreciation-equipment $ 292,000 Inventory 239,800 Rent payable (short-term) 45,000 Income taxes payable 98,362 Rent payable (long-term) 480,000 Common stock, $1 par value 200,000 Preferred stock, $10 par value 150,000 Prepaid expenses 87,920 Equipment 1,470,000 Debt investments (trading) 121,000 Accumulated depreciation-buildingsm 270,200 Buildings 1,640,000 Instructions Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and pre- ferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short- term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same