On December 31, 2007, the Stevens Company bookkeeper prepared the following erroneously classified balance sheet:

Required
You determine that the account balances listed on the balance sheet are correct but, in certain cases, incorrectly classified. Prepare a properly classified balance sheet for the Stevens Company as of December 31,2007.

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STEVENS COMPANY Balance Sheet For Year Ended December 31, 2007 Current Assets Current Liabilities 6,000 5,900 2,300 Salaries payable 3,300 Taxes payable $9,900 800 1,500 2,500 Accounts payable Allowance for doubtful accounts Inventory Accounts receivable Cash Treasury stock (at cost) Long-Term Investments Long-Term Liabilities Temporary investments in marketable Bonds payable (due 2014) 11,000 900 3,200 Ued rent (for 3 months) securities Investment in held-to-maturity bonds 10,000 8,100 35,600 Plant and Equipment Land Office supplies Buildings and equipment 800 Owners' Equity Retained earnings Accumulated depreciation on buildings 24,200 Intangibles Patents (net) Prepaid insurance (for 6 months) Discount on bonds payable 5,000 1,200 1,000 and equipment Premium on commn stock Common stock, $10 par 9,200 10,400 12,000 $82,400 Total Assets $82,400 Total Credits