Question: From the following data, prepare a classified balance sheet for Taylorsville Construction Company at December 31,2012. $ 4,250 Accounts payable Accounts receivable $ 74,300 Supplies.

From the following data, prepare a classified balance sheet for Taylorsville Construction Company at December 31,2012.

$ 4,250 Accounts payable Accounts receivable $ 74,300 Supplies. Land. Mortgage payable Net income for 2012. Owners' equity, 12/31/12. 423,400 109,450 512,000 314,300 Buildings. Owners' equity, 1/1/12 Cash Distributions to owners 153,600 during 2012 48,100

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