Exercise 2-5 partially correct. Try again. Your answer These items are taken from the financial statements of Bonita Industries at December 31, 2017. Buildings $99,452 Accounts receivable 11,844 Prepaid insurance 3,008 Cash 11,130 77,456 Equipment Land 57,528 Insurance expense 733 Depreciation expense 4,982 Interest expense 2,444 Common stock 56,400 Retained earnings (January 1, 2017) 37,600 Accumulated depreciation-buildings 42,864 Accounts payable 8,930 Notes payable 87,984 Accumulated depreciation-equipment 17,597 Interest payable 3,384 Service re 13,818 e Prepare a classified balance sheet. Assume that $12,784 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.) Bonita Industries Balance Sheet December 31, 2017 Assets Current Assets 11130 Cash 11844 Accounts Receivable 3008 Prepaid Insurance 25982 Total Current Assets Property, Plant and Equipment Land 57528 x 77456 Equipment Less 17597 59859 Accumulated Depreciation-Equipment 99552 Buildings Less x x 117387 42864 56688 Accumulated Depreciation-Buildings 174075 Total Assets Liabilities and Stockholders' Equity Current Liabilities 87984 Notes Payable 8930 Accounts Payable Interest Payable 3384 100298 Total Current Liabilities Long-Term Liabilities Total Long-Term Liabilities Stockholders' Equity Stockholders' Equity 56400 Common Stock 37600 Retained Earnings 94000 Total Stockholders' Equity 174075 Total Liabilities and Stockholders' Equity Open Show Work Click if you would like to Show Work for this