P16.6A (LO 3) Financial Statement The following data, presented in alphabetical order, are taken from the records of Nieto Corporation. Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation equipment Allowance for doubtful accounts Bonds payable (10%, due 2028) Buildings Cash Common stock ($10 par value; 500,000 shares authorized, 150,000 shares issued) Dividends payable Equipment Goodwill Income taxes payable Inventory Investment in Mara common stock (30% ownership), at equity Investment in Sasse common stock, at fair value Land Notes payable (due 2021) Paid-in capital in excess of par-common stock Premium on bonds payable Prepaid insurance Retained earnings Short-term investments, at fair value The investment in Sasse common stock is considered to be a long-term security. Instructions Prepare a classified balance sheet at December 31, 2020. $ 260,000 140,000 180,000 52,000 6,000 500,000 950,000 62,000 1,500,000 80,000 275,000 200,000 120,000 170,000 380,000 300,000 390,000 70,000 130,000 40,000 16,000 125,000 180,000

The inv Instruc Prepare a classified balance sheet at December 31, 2020