I need help in solving this problem as well as getting a better understanding of it, thank you.

These items are taken from the financial statements of Blossom Company at December 31, 2022 Buildings $107,916 Accounts receivable 12,852 Prepaid insurance 3,264 Cash 12,077 Equipment 84,048 Land 62,424 Insurance expense 796 Depreciation expense Interest expense 5,406 2,652 Common stock 61,200 Retained earnings (January 1, 2022) Accumulated depreciation-buildings 40,801 46,512 Accounts payable 9,690 Notes payable Accumulated depreciation-equipment Interest payable 95,472 19,094 3,672 Service revenue 14,994 Prepare a classified balance sheet. Assume that $13,872 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.) Prepare a classified balance sheet. Assume that $13,872 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.) BLOSSOM COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity