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[ Your answer is partially correct. Try again. These items are taken from the financial statements of Sheffield Corp. at December 31, 2017. $116,380 13,860

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[ Your answer is partially correct. Try again. These items are taken from the financial statements of Sheffield Corp. at December 31, 2017. $116,380 13,860 3,520 13,024 90,640 67,320 858 5,830 2,860 66,000 44,000 50,160 10,450 102,960 20,592 3,960 16,170 Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2017) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue Prepare a classified balance sheet. Assume that $14,960 of the note payable will be paid in 2018. (List current a Sheffield Corp. Balance Sheet ecember Assets Current Asse s130 38 352 Accounts Recelvable Prepaid insurance Prepesty Plant and Equipment Equipment 90640

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