Ch3 Homework A Seved Help Save & Exit Submit Check my work m. Brief Exercise 3-4 (Algo) Balance sheet classification (LO3-2, 3-3] 20 paints The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year: cash, $29,000; accounts receivable, $24,000; inventory, $38,000; equipment (net), $93,000; accounts payable, $27,000; salaries payable, $11,500; interest payable, $7,500; notes payable (due in 18 months). $43,000; common stock, $76,000. Prepare a classified balance sheet for K and J Nursery, Inc. The equipment originally cost $150,000. (Amounts to be deducted should be indicated by a minus sign.) eBook Print References K AND J NURSERY, INC. Balance Sheet At December 31, 2021 Assets Current assets Total current assets Property, plant, and equipment Net property, plant, and equipment Total assets Liabilities and Shareholders' Equity 0 0 $ Mc Graw Hill Check my work m. 0 $ Net property, plant, and equipment Total assets Liabilities and Shareholders' Equity Current liabilities 20 paints eBook Print References D Total current liabilities Long-term liabilities 0 Total liabilities Shareholders' equity 0 Total shareholders' equity Total liabilities and shareholders' equity $ 0 Mc Graw Hill