Question: Please answer the highlighted and explain. Thank you These items are taken from the financial statements of Pharoah Co. at December 31, 2022. AccountspayableNotespayableAccumulateddepreciation-equipmentInterestpayableServicerevenue8,55084,24016,8483,24013,230 Prepare

Please answer the highlighted and explain. Thank you These items are taken from the financial statements of Pharoah Co. at December 31, 2022. AccountspayableNotespayableAccumulateddepreciation-equipmentInterestpayableServicerevenue8,55084,24016,8483,24013,230 Prepare a classified balance sheet. Assume that $12,240 of the note 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.) Liabilities and Stockholders' Equity Accounts Popble InterstFapble 240 $ Nets Papble

Please answer the highlighted and explain. Thank you

These items are taken from the financial statements of Pharoah Co. at December 31, 2022. AccountspayableNotespayableAccumulateddepreciation-equipmentInterestpayableServicerevenue8,55084,24016,8483,24013,230 Prepare a classified balance sheet. Assume that $12,240 of the note 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.) Liabilities and Stockholders' Equity Accounts Popble InterstFapble 240 $ Nets Papble Sockolders Eayty Connon Stok Revind Eariing Toul Stocchelder' Eauily Toul Libilitis ind Sschoders Equty *

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