Hi I need help with exercise E4-15 and E4-16 urgently

.I AT&T LTE 9:41 AM 27% https://doc-14-5...2 192 4 Completing the Accounting Cycle Debit Credit $115,000 Accounts Receivable 4,520 Accumulated Depreciation-Buildings 42,600 12,300 97,780 62,400 Accumulated Depreciation- Equipme 18,720 3,800 Buildings 128,800 Owner's Capital Prepaid Insurance Cash Equipment 4,680 Accounts Payable 18,040 Notes Pavable 67,000 Interest Payable Insurance Expense Depreciation Expense Interest Expense 17,180 $307,380 780 Service Revenue 7,360 $307,380 Instructions (a) Prepare a classified balance sheet; assume that $20,000 of the note payable will be paid in 2018 (b) Comment on the liquidity of the company. Classity accountS ot balance E4-15 The following are the major balance sheet classifications. sheet Current assets (CA) Long-term investments (LTI Property, plant, and equipment (PPE) Intangible assets (IA) Current liabilities (CL) Long-term liabilities( LTL) Owner's equity (OE) (LO 4) Instructions Classify each of the following accounts taken from Faust Company's balance sheet. Accounts payable Buildings Land (in use) Accounts receivable Owners capital Salaries and w Stock inwestments Cash Supplieayable (due in 2 Prepaid expenses nventorynd wages payable (to be sold in 7 months) Prepare a classitied belance E4-16 The following items were taken from the financial statements of J. Pineda Company. (All amounts are in thousands) (LO 4) Long-term debt Prepaid insurance Equipment Stock investments (lon ter 264 Owner's capital Debt investments (short-term) 3,690 Accounts receivable Notes payable (due in 2018) Cash 1,000 Accumulated depreciation-equipment 5,655 1.444 400 12,955 1,696 1,256 880 11,500 Accounts payable Notes payable (due after 2018) 500 nventory 2,668 Prepare a classified balance sheet in good form as of December 31, 2017 Prepare financial statments (LO 4) E4-17 These financial statement items are for Basten Company at year-end, July 31, 2017 Salaries and wages payable 2,080 Notes payable (long-term) Salaries and wages expense 48,700 Cash Utilities expense Equipment Accounts payable S 1,800 14,200 9,780 34,400 Accumulated depreciation-equipme ,000 3,000 4,000 8,500 Owners capital (beginning of the year) 51,200 22,600 Accounts receivable 4,100 Owner's drawings 63,000 Depreciation expense Rent revenue (a) Prepare an income statement and an owner's equity statement for the year. The owner did not make any new investments during the year. (b) Prepare a classified balance sheet at July 31 Problems: Set A 193