MAKE ONE CHANGE TO THE PROBLEM BELOW. The balance given for a discount on the bonds payable account is actually the balance for a PREMIUM of Bonds payable. NOT A DISCOUNT. Instructions Prepare a classified balance sheet in good form. (No monetary amounts are to be shown.) P5.2 (LO 2) Excel (Balance Sheet Preparation) Presented below are a number of balance sheet items for Montoya, Inc. for the current year, 2020. Goodwill $ 125,000 Accumulated depreciation equipment $ 292,000 Payroll taxes payable 177,591 Inventory 239.800 Bonds payable 300,000 Rent payable (short-term) 45,000 Discount on bonds payable 15,000 Income taxes payable 98,362 Cash 360,000 Rent payable long-term) 480,000 Land 480,000 Common stock, si par value 200,000 Notes receivable 445.700 Preferred stock, S10 par value 150 Notes payable (to banks) 265,000 Prepaid expenses 87.920 Accounts payable 490,000 Equipment 1.470.000 Retained carnings ? Debt investments (trading) 121.000 Income taxes receivable 97,630 Accumulated depreciation-buildings 270,200 Notes payable (long-term) 1,600,000 Buildings 1,640,000