The adjusted trial balance for Rego Bowling Alley at December 31, 2014, contains the following accounts.

Instructions
(a) Prepare a classified balance sheet; assume that $15,000 of the note payable will be paid in 2015.
(b) Comment on the liquidity of thecompany.

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Debits Credits Buildings Accounts Reccivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expensoe Interest Expense $128,000 Common Stock S 80,000 28,000 42,600 12,300 95,000 67,000 Accumulated Depreciation-Equipment 18,720 2,600 19,180 $298,400 7,540 Retained Earnings 4,680 Accumulated Depreciation-Buildings 18,040 Acnts Payable 62,400 Notes Payable 780 Interest Payable 7,360 Service Revenuc 2,600 $298,400