The Data for the Elwes Company for the year ended December 31, 2017:
Accounts payable............................................................................................$ 3,800
Accumulated depreciation-equipment................................................ 4,000
Owner's capital....................................................................................... 9,300
Intangible assets..................................................................................... 2,300
Notes payable (due in 5 years)............................................................. 5,000
Accounts receivable............................................................................... 1,500
Cash.......................................................................................................... 2,800
Short-term investments........................................................................ 1,000
Equipment............................................................................................... 8,800
Long-term investments........................................................................... 5,700
Instructions
Use the above information to prepare a classified balance sheet for the year ended December 31, 2017.