Current Attempt in Progress These items are taken from the financial statements of Nash's Trading Post, LLC at December 31, 2017. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2017) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $84,640 10,080 2,560 9,472 65,920 48,960 624 4,240 2,080 48,000 32,000 36,480 7,600 74,880 14,976 2,880 11,760 Prepare a classified balance sheet. Assume that $10,880 of the note payable will be paid in 2018. (List current assets in order of liquidity and property plant and equipment in order of land, buildings and equipment.) Nash's Trading Post, LLC Balance Sheet For the Year Ended December 31, 2017 V Assets Current Assets Cash $ 9,472 Accounts Receivable 10,080 Prepaid Insurance 2,560 Total Current Assets Total Long-Term Investments Land 48,960 Buildings $ 84,640 Less : Accumulated Depreciation-Buildings 36,480 48,160 Equipment 65,920 Less : Accumulated Depreciation Equipment 14,976 50,944 Total Assets Nash's Trading Post, LLC Balance Sheet For the Year Ended December 31, 2017 Assets $ 9.472 10,080 2,560 $ 48,960 $ 84,640 36,480 48,160 65,920 14,976 50,944 A || Liabilities and Stockholders' Equity Current Liabilities Notes Payable $ 10,880 Accounts Payable 7,600 Interest Payable 2,880 Total Current Liabilities Long-Term Liabilities Votes Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity 10,880 7,600 2,880 $ 64,000 $