Prepare a Classified Belkace Sheet Submit on Moodle asing Assignments SE 4 Classified Balance Sheet LO 2 - Identify and define the basic components of financial reporting, and prepare a classified balance sheet. Using the following accounts, prepare a classified balance sheet at year end, May 31, 2014: Accounts Payable, $1,600; Accounts Receivable, $2,200; Accumulated Depreciation-Equipment, $1,400; Cash, $400; Owner's Investment, $2,000; Equipment, $6,000; Franchise, $400; Investments (long- term), $1,000; Merchandise Inventory, $1,200; Notes Payable (long-term), $800; Owner's Capital, $?; Wages Payable, $200. Assume that this is the company's first year of operations. Review the Zoon Lectures for the formato A=Lt E