The following information was obtained from the accounts of Airlines International dated

December 31, 2012. It is presented in alphabetical order.

Accounts payable Accounts receivable Accrued expenses Accumulated depreciation Allowance for doubtful accounts Capital in excess of par Cash Common stock (par $0.50, authorized 20,000 shares, issued 14,304 shares) Current installments of long-term debt Deferred income tax liability (long term) Inventory Investments and special funds Long-term debt, less current portion Marketable securities Other assets Prepaid expenses Property, plant, and equipment at cost Retained earnings Unearned transportation revenue (airline tickets expiring within one year)

$ 77,916 67,551 23,952 220,541 248 72,913 28,837 7,152 36,875 42,070 16,643 11,901 393,808 10,042 727 3,963 809,980 67,361 6,808

Required Prepare a classified balance sheet in report form.

Answer rating: 100% (QA)

Current Assets Cash Inventory Prepaid expenses Airlines International Balance Sheet For the Year End... View the full answer