Balance Sheet The following is a list (in random order) of KIP International Products Company's December...

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Balance Sheet The following is a list (in random order) of KIP International Products Company's December 31, 2019, balance sheet accounts: Additional Paid-In Capital on Preferred Stock Accounts Payable Accounts Receivable Prepaid Insurance Dividends Payable Discount on Bonds Payable Buildings Common Stock, $10 par Bonds Payable (due 2022) Equipment Retained Earnings Allowance for Doubtful Accounts Office Supplies Preferred Stock, $50 par Current Income Taxes Payable Accumulated Depreciation: Buildings Accumulated Depreciation: Equipment Current Interest Payable Investment in Held-to-Maturity Bonds Patents (net) Notes Payable (due January 1, 2025) Inventory Additional Paid-In Capital Common Stock Sinking Fund for Bond Retirement Required: $1,120 14,400 1,740 58,900 20,800 78,180 1,980 3,000 8,300 2,800 12,600 36,900 6,600 4,400 Cash Treasury Stock (at cost) Accrued Wages Land $ 15,300 1,300 3,000 17,000 31,400 760 1. Prepare a properly classified balance sheet according to U.S. GAAP for KIP as of December 31, 2019. 7,000 10,100 2,940 8,800 8,100 1,700 3,240 15,000 Balance Sheet The following is a list (in random order) of KIP International Products Company's December 31, 2019, balance sheet accounts: Additional Paid-In Capital on Preferred Stock Accounts Payable Accounts Receivable Prepaid Insurance Dividends Payable Discount on Bonds Payable Buildings Common Stock, $10 par Bonds Payable (due 2022) Equipment Retained Earnings Allowance for Doubtful Accounts Office Supplies Preferred Stock, $50 par Current Income Taxes Payable Accumulated Depreciation: Buildings Accumulated Depreciation: Equipment Current Interest Payable Investment in Held-to-Maturity Bonds Patents (net) Notes Payable (due January 1, 2025) Inventory Additional Paid-In Capital Common Stock Sinking Fund for Bond Retirement Required: $1,120 14,400 1,740 58,900 20,800 78,180 1,980 3,000 8,300 2,800 12,600 36,900 6,600 4,400 Cash Treasury Stock (at cost) Accrued Wages Land $ 15,300 1,300 3,000 17,000 31,400 760 1. Prepare a properly classified balance sheet according to U.S. GAAP for KIP as of December 31, 2019. 7,000 10,100 2,940 8,800 8,100 1,700 3,240 15,000