Chapter 5- Balance Sheet Using the following information, prepare a Classified Balance Sheet Accounts Payable Accounts Receivable 23,000 18,750 1,275 2,400 32,000 1,92 180,200 9,094 42,780 3,420 25,100 $19,466 Land Accumulated Depreciation Office Equipment Accumulated Depreciation Store Equipment Administrative Expenses Allowance for Doubtful Accounts Cash Cost of Merchandise Sold Common Stock Interest Expense Freight-in Merchandise Inventory Notes Payable (due in two years) 82,460 Office Equipment 7,900 Office Supplies 6,700 Prepaid Insurance 1,070 Purchases 2,570 Rent Revenue 68,195 Retained Earnings 28,980 Salaries Payable 36,000 Sales 910 Selling Expenses 1,800 Store Equipment 62,550 Unearned Rent 20,000 Name Total Current Liabilities Total Long-term Liabilities Total Liabilities Total Stockholders' Equity $266,560 Total Liabilities and Stockholders' Equity Page 5 of 10