Presented below is the balance sheet of Russell Crowe Corporation as of December 31, 2008.

Instructions
Prepare a corrected classified balance sheet in good form. The notes above are for informationonly.

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Russell Crowe Corporation Balance Sheet December 31, 2008 Assets $120,000 1,640,000 312,100 750,000 170,000 87,000 175,900 Goodwill (Note 2) Buildings (Note 1) Treasury stock (50,000 shares, no par) Cash on hand Assets allocated to trustee for plant expansion Cash in bank U.S. Treasury notes, at cost and fair value 70,000 138,000 $3,463,000 Equities Notes payable (Note 3) Common stock, authorized and issued, 1,000,000 shares, no par Retained earnings Appreciation capital (Note 1) Federal income taxes payable Reserve for depreciation of building $600,000 1,150,000 658,000 570,000 75,000 410,000 $3,463,000