Exercise 8-21 Preparing a balance sheet LO P1, P3, P4 Selected accounts from Gregor Co's adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet Note: On the company's balance sheet, accumulated depreciation is subtracted from Equipment, accumulated amortization is subtracted from Patents, and accumulated depletion is subtracted from Silver mine, Total equity Patents Cash Land Equipment Silver mine $66,000 7,200 7,600 46,000 36,000 31,000 Accounts payable Accumulated depreciation Equipment Notes payable (due in 9 years) Goodwill Accumulated depletion-53lver wine Accumulated amortization-Patents $ 3,600 27,400 27,000 6,600 6,200 4,200 GREGOR CO. Balance Sheet December 31 Assets Current issos Plant assets 0 0 Total plant assets Intangible assets 0 0 Total intangiile asti Total assets 0 0 $ Liabilities Current liabilities Total intangible assets 0 Total assets $ 0 Liabilities Current liabilities Long-term liabilities Total liabilities 0 Equity Total equity Total liabilities and equity $ 0