Question: Prepare a corrected classified balance sheet. Only for the two shown. begin{tabular}{|c|c|c|c|c|} hline multirow{3}{*}{Property,Plant,andEquipment-netIndefinite-lifeIntangibleAssets} & multirow{3}{*}{$2,075,000940,000} & multicolumn{3}{|l|}{BalanceSheetAtDecember31} hline & & multirow{2}{*}{AssetsCash} & multicolumn{2}{|r|}{
Prepare a corrected classified balance sheet. Only for the two shown.
\begin{tabular}{|c|c|c|c|c|} \hline \multirow{3}{*}{Property,Plant,andEquipment-netIndefinite-lifeIntangibleAssets} & \multirow{3}{*}{$2,075,000940,000} & \multicolumn{3}{|l|}{BalanceSheetAtDecember31} \\ \hline & & \multirow{2}{*}{AssetsCash} & \multicolumn{2}{|r|}{ Amount } \\ \hline & & & $ & 255,000 \\ \hline & $3015000 & Receivables & & 1,390,000 \\ \hline Total Noncurrent Assets & $3,015,000 & Prepaid Assets and Supplies & & 722,000 \\ \hline Total Assets & =$4,442,000 & Property, Plant, and Equipment - net & & 2,075,000 \\ \hline Liabilities & & Total Assets & $ & 4,442,000 \\ \hline Current Liabilities: & & Liabilities & & \\ \hline Accounts Payable & & Payables and Accrued Expenses & $ & 1,040,500 \\ \hline Notes Payable, Due in 5 Years & & Income Taxes Payable & & 316,750 \\ \hline Accrued Expenses & & Notes Payable, due in 5 years & & 1,007,000 \\ \hline Total Current Liabilities & & Total Liabilities & $ & 2,364,250 \\ \hline \multirow[t]{5}{*}{ Noncurrent Liabilities: } & & Stockholders' Equity & & \\ \hline & & Contributed Capital & $ & 1,855,000 \\ \hline & & Retained Earnings & . & 222,750 \\ \hline & & Total Stockholders' Equity & $ & 2,077,750 \\ \hline & & Total Liabilities and Stockholders' Equity & $ & 4,442,000 \\ \hline \end{tabular} Stockholders' Equity
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