Current Attempt in Progress Your answer is partially correct These items are taken from the financial statements of Sheridan Company at December 31, 2022 $96,600 Buildings Accounts receivable 14,700 Prepaid insurance 4.770 Cash 18,670 80,700 Equipment Land 62,800 Insurance expense 870 7.700 2,600 57.000 41,040 45,400 Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation equipment Interest payable Service revenue 16,700 89.000 18,670 3,900 17.700 Prepare a classified balance sheet. Assume that 514,600 of the mortgage payable will be paid in 2023. (List Current assets in order of liquidity. List Property, plant and equipment in order of land, buildings and equipment.) SHERIDAN COMPANY Balance Sheet December 31, 2022 Assets Balance Sheet December 31, 2022 Assets Current Assets Cash 18,6 Accounts Receivable 14,700 Prepaid Insurance 4.7 Total Current Assets Property. Plant and Equipment Land 62.8 Building 96,600 Less Accumulated Depreciation Buildings 45,400 512 Equipment 30,700 Less Accumulated Depreciation Equipment 18,670 620 Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 167 Interest Payable 39 Notes Payable B90% Total Current Usbilities Long term abilities More Payable Question 5 of 10