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Current Attempt in Progress These items are taken from the financial statements of Cullumber Company at December 31, 2022. Buildings $ 95,800 Accounts receivable 15,600 Prepaid insurance 4,60p Cash 18,890 Equipment 82,000 Land 62,100 Insurance expense 830 Depreciation expense 7,500 Interest expense 3,000 Common stock 60,000 41,410 Retained earnings January 1, 2022) Accumulated depreciation-buildings Accounts payable 45,600 15,200 87,300 Mortgage payable Accumulated depreciation-equipment Interest payable 18,520 3,700 Service revenue 18,650 Prepare a classified balance sheet. Assume that $ 13,500 of the mortgage payable will be paid in 2023. (List Current assets in order of liquidity. List Property, plant and equipment in order of land, buildings and equipment.) CULLUMBER COMPANY Balance Sheet Assets Assets ./10 E Liabilities and Stockholders' Equity Attempts: 0 of 3 used Submit Answer Save for Later