will be verview Chapter 2 57 E 2-7 LOGO LO 2 Balance Sheet Preparation From the following data, prepare a classified balance sheet for Taylorsville Construction Company on December 31, 2017. Accounts payable $ 74,300 Supplies $ 4,250 Accounts receivable 113.500 Land 90,000 Buildings 512,000 Mortgage payable 423400 Equity. 1/1/17 314,300 Net income for 2017 109.450 Cash 153.600 Equity, 12/31/17 Distributions to owners during 2017 48,100