Using the information provided in BE 6- 6, prepare a classified balance sheet using the account format.
In BE 6- 6

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Debit Credit Account Accounts receivable Bonds payable, due in 20 years Investments at fair value itrading) Accounts payable Additional paid-in capital Accumulated other comprehensive loss Current portion of long-term debt Property, plant, and equipment -net Dividends payable Merchandise inventory Income taxes payable 300,000 $ 400,000 58,000 175,000 587000 165,300 25,000 1,264,500 135,000 254,000 65,800 145,000 Notes payable, due in 5 years Retained earnings Common stock $1 par value 138,500 625,500 35,000 $2,186,800 $2,186,800 Totals