Question 2 View Policies Current Attempt in Progress The following items are taken from the financial statements of Crane Company at December 31, 2022. $195,800 Land Accounts receivable 21,400 Supplies 10,400 Cash 11,850 Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements 83,800 262,000 45,900 5,400 13,200 Common stock 80,000 Retained earnings (December 31,2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable 500,000 33,600 9,600 86,450 18,900 3,100 15,100 47,100 Patents Investments in stock (long-term) Debt investments (short-term) 71,600 4,700 Prepare a classified balance sheet. Assume that $10,500 of the mortgage payable will be paid in 2023. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings, Equipment and Land Improvements.) CRANE COMPANY Balance Sheet December 31, 2022 (in millions) Assets Current Assets $ Cash 11850 Debt Investments 4700 Accounts Receivable 21400 Notes Receivable 5400 Supplies 10400 $ Total Current Assets 53750 Intangible Assets Patents 47100 Long-Term Investments Stock Investments 71600 Buildings 262000 Less Accumulated Depreciation 33600 228400 83800 Equipment Less Accumulated Depreciation 18900 64900 Land $