Question: Add t0 a creation Edit & Create Share v P 3-2 following information was obtained from the accounts of Lukes, Inc., as of December 31,
Add t0 a creation Edit & Create Share v P 3-2 following information was obtained from the accounts of Lukes, Inc., as of December 31, 2012. It is presented in scrambled order CHAPTER 3 Balance Sheet 133 Common stock, no par value, 10,000 shares authorized, 5,724 shares issued Retained earnings Deferred income tax liability (long term Long-term debt Accounts payable Buildings Machinery and equipment Land Accumulated depreciation Cash Receivables, less allowance of $3,000 Accrued income taxes Inventory Other accrued expenses Current portion of long-term debt Prepaid expenses Other assets (long term) $ 3,180 129,950 24,000 99,870 35,000 75,000 300,000 11,000 200,000 3,000 58,000 3,000 54,000 8,000 7,000 2,000 7,000 Required Prepare a classified balance sheet in report form. For assets, use the classifications of current assets, plant and equipment, and other assets. For liabilities, use the classifications of current liabilities and long-term liabilities. rch DELL
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