ark mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate comple Return to questi Exercise 8-21 Preparing a balance sheet LO P1, P3, P4 Selected accounts from Gregor Co.'s adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Note: On the company's balance sheet, accumulated depreciation is subtracted from Equipment, accumulated amortization is subtracted from Patents, and accumulated depletion Total equity Patents Cash Land Equipment Silver mine $64,000 6,800 7,400 44,000 34,000 29,000 Accounts payable Accumulated depreciation-Equipment Notes payable (due in 9 years) Goodwill Accumulated depletion-Silver mine Accumulated amortization-Patents $ 3,400 25,600 25,000 6,400 5,800 3,800 Answer is complete but not entirely corre GREGOR CO. Balance Sheet December 31 Assets Current assets % Answer is complete but not entirely correct. GREGOR CO. Balance Sheet December 31 Assets Current assets Cash 7,400 $ $ Plant assets Land Equipment Accumulated depreciation Equipment Silver mine 10,000 44,000 34,000 (25,600) 29,000 X Land (54,600) 4,400 (40,200) Total plant assets Intangible assets Patents Accumulated amortization-Patents 68,000 (3,800) 64,200 work Saved k mode : This shows what is correct or incorrect for the work you have compla 10, VUI 68,000 X (3,800) Intangible assets Patents Accumulated amortizationPatents Goodwill Total intangible assets Total assets Liabilities Current liabilities Accounts payable 64,200 6,400 70,600 37,800 $ 3,400 Long-term liabilities Notes payable 25,000 Total liabilities 28,400 Equity Total equity Total liabilities and equity 64,000 92,400 $