Exercise 4-13 (Algo) Preparing a classified balance sheet LO C1 Use the following selected accounts and amounts with normal balances from Andrea Company's adjusted trial balance to prepare its classified balance sheet at December 31. Accounts payable Land Cash Salaries payable S. Andrea, Capital Machinery Prepaid insurance $ 11,000 Accounts receivable. 35,000 Accumulated depreciation-Machinery 14,500 Notes payable (due in 7 years) 1,500 Long-term investments in bonds 50,000 Notes receivable (due in 4 years) 24,000 Merchandise inventory 4,000 $ 4,500 18,000 33,000 8,000 18,000 5,500 Current assets Cash Prepaid insurance Merchandise inventory ANDREA CO. Balance Sheet December 31 Assets $ 14,500 4,000 5,500 Total current assets 24,000 Long-term investments Long-term investments in bonds 8,000 Notes receivable 18,000