The following items are taken from the financial statements of Carmen Co. at December 31, 2022. 

Instructions 

Prepare a classified balance sheet. Assume that $9,100 of the mortgage payable will be paid in 2023.

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Land $195,600 21,700 9,200 Accounts receivable Supplies Cash 11,840 Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements 82,400 261,200 45,780 5,300 12,600 Common stock 75,000 Retained earnings (December 31, 2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable 495,000 32,600 9,500 93,600 18,720 3,600 14,700 Patents 46,700 Investments in stock (long-term) Debt investments (short-term) 71,500 4,100