Exercise 5-4 2 Your answer is partally correct. Try again. Assume that Denis Savard Inc. has the following accounts at the end of the current year 14. Accumulated Depreciation-Buildings 15. Cash Restricted for Plant Expansion. 16. Land Held for Future Plant Site 17. Allowance for Doubtful Accounts. 18. Retained Earnings 1. Common Stock 2' Discount on Bonds Payable 3. Treasury Stock (at cost). 4. Notes Payable (short-term). 5. Raw Materials 6. Preferred Stock (Equity) Investments (long-term), 19. Paid-in Capital in Excess of Par-Common Stock. 7. Unearned Rent Revenue. 8. Work in Process. 9. Copyrights. 10. Buildings 11. Notes Receivable (short-term). 12. Cash. 13. Salaries and Wages Payable. | 20. Unearned Subscriptions Revenue. 21. Receivables Officers (due in one year), 22 Inventory (finished goods). 23. Accounts Receivable. 24. Bonds Payable (due in 4 years) 25. Noncontralling Interest Prepare a classified balance sheet in good form. (List Current Assets in order of liquidity. For Land, Treasury S do not provide the descriptive information provided in the question.) Denis Savard Inc. Balance Sheet t the end of the current year. . Accumulated Depreciation-Buildings. 5. Cash Restricted for Plant Expansion. 6. Land Held for Future Plant Site. 7. Allowance for Doubtful Accounts. 8. Retained Earnings 9. Paid-in Capital in Excess of Par-Common Stock. 20. Unearned Subscriptions Revenue. 21. Receivables-Officers (due in one year). 22. Inventory (finished goods). 23. Accounts Receivable. 24. Bonds Payable (due in 4 years). 25. Noncontrolling Interest. rrent Assets in order of liquidity. For Land, Treasury Stock. Notes Payable, Preferred Stock Investments, Notes Receivable, Receivables-Officers, Inver in the question.) Denis Savard Inc. Balance Sheet December 31, 20- Assets Current Assets Cash SXXX Less :Restricted Cash Accounts Receivable LessAllowance for Doubtful Accounts xxX Notes Receivable Receivables-Officers Inventory Inventory Finished Goods Work-in-Process xXX Raw Materials XxX Total Current Assets Long-term Investments Common Stock XXx Land Total Long-term Investments roperty Plant and Equipment Buildings Less Accumulated Depreciation-Building Intangible Assets Copyrights XxX Total Assets SXXX Liabilities and Stockholders' Equity Current Liabilities Netes ayab Salaries and Wages Payable XxX Unearned Rent Revenue Xxx Unearned Subscriptions Revenue Total Current Labilcies Unearned Subscriptions Revenue XxX Total Current Liabilities Long-term Debt its by tive Bonds Payable Less v Discount on Bonds Payable : Total Long-term Liabilities (xXX) XXX xXx Stockholders' Equity Capital Stock Preferred Stock Investments xxX Additional Paid-in Capital Paid-in Capita! in Excess of Par Common Stock Total Paid-in Capital XxX Additional Paid-in Capital Paid-in Capital in Excess of Par-Common Stock Total Paid-in Capital xxX Retained Earnings xxX Total Paid-in Capital and Retained Earnings v Less Treasury Stock Noncontroiing Interest Xxx Total Stockholders Equity Total Liabilities and Stockholders Equity y sXxX Clickif you would like to Show Work for this question: Onan Shoun Mork