The following data, presented in alphabetical order, are taken from the records of Nieto Corporation.

The investment in Sasse common stock is considered to be a long-term available-for-sale security.

Instructions

Prepare a classified balance sheet at December 31, 2017.

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Accounts payable Accounts receivable $ 260,000 140,000 Accumulated depreciation-buildings Accumulated depreciation-equipment Allowance for doubtful accounts 180,000 52,000 6,000 500,000 950,000 62,000 Bonds payable (10%, due 2025) Buildings Cash Common stock ($10 par value; 500,000 shares authorized, 150,000 shares issued) Dividends payable Equipment Fair value adjustment-available-for-sale securities (Dr) Goodwill 1,500,000 80,000 275,000 8,000 200,000 120,000 170,000 380,000 Income taxes payable Inventory Investment in Mara common stock (30% ownership), at equity