Presented below is a list of balance sheet accounts. 

Accounts payable...................................................Cash 

Accounts receivable..............................................Common stock 

Accumulated depreciation—buildings...........Copyright (net) 

Accumulated depreciation—equipment........Equipment 

Allowance for uncollectible accounts..............Interest receivable (due in three months) 

Restricted cash (to be used in 10 years).........Inventory 

Bonds payable (due in 10 years).......................Land (in use) 

Buildings.....................................................................Long-term investments 

Notes payable (due in 6 months).....................Interest payable (current) 

Notes receivable (due in 2 years).....................Retained earnings 

Patent (net)................................................................Short-term investments 

Additional paid-in capital.....................................Income taxes payable 

Prepaid expenses.....................................................Salaries payable 

Required: 

Prepare a classified balance sheet ignoring monetary amounts. Include headings for each classification, as well as titles for each classification’s subtotal. An example of a classified balance sheet can be found in the Concept Review Exercise at the end of Part A of this chapter.