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CALCULATOR FULL SCREEN PRINTER VERSIO Exercise 2-05 These items are taken from the financial statements of Ivanhoe Company at December 31, 2022. Buildings $90,988 Accounts receivable 10,836 Prepaid insurance 2,752 Cash 10,182 Equipment 70,864 Land 52,632 Insurance expense 671 Depreciation expense 4,558 Interest expense 2,236 Common stock 51,600 Retained earnings (January 1, 2022) 34,400 Accumulated depreciation-buildings 39,216 Accounts payable 8,170 Notes payable 80,496 Accumulated depreciation-equipment 16,099 Interest payable 3,096 Service revenue 12,642 Prepare a classified balance sheet. Assume that $11,696 of the note payable will be paid in 2023. (List Current Assets in order of liquidity and Property, Plant and Equipment in order of Land, Buildings and Equipment.) IVANHOE COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity Policy