Hello, I need help with the problem below. Help would be greatly appreciated! Thank you!

Part 1: Prepare a Classified Balance Sheet

The adjusted trial balance of Jordan Contracting and other related information for the year 2015 is presented below.

Adjusted Trial Balance
December 31, 2015
	Debits	Credits
Cash	$20,500
Accounts Receivable	81,750
Allowance for Doubtful Accounts		$4,350
Prepaid Insurance	2,950
Inventory	154,250
Long-term Investments	169,500
Land	42,500
Construction Work in Progress	62,000
Patents	18,000
Equipment	200,000
Accumulated Depreciation of Equipment		70,000
Unamortized Discount on Bonds Payable	10,000
Accounts Payable		74,000
Accrued Expenses		24,600
Notes Payable		47,000
Bonds Payable		200,000
Capital Stock		250,000
Premium on Capital Stock		22,500
Retained Earnings		69,000
	$761,450	$761,450

Additional Information

1.The LIFO method of inventory valuation is used.

2.The cost and fair value of the long-term investments consisting of stock and bonds is the same.

3.The amount of Construction Work in Progress account represents the costs expended to date on a building in the process of being constructed. The land on which the building sits cost $42,500.

4.The patents were purchased at a cost of $10,000 and are being amortized on a straight-line basis.

5.$1,000 of the unamortized discount on bonds payable will be amortized in 2016.

6.The notes payable are bank loans secured by long-term investments with a fair value of $60,000. The bank loans will mature in 2016.

7.The bonds payable have an interest rate of 11%. Interest is payable each December 31, and the bonds mature January 1, 2019.

8.600,000 shares of $1 par value common stock are authorized and 250,000 shares have been issued and are outstanding.