b 2011 31. Prepare and Analyze the Classified Balance Sheet The following balance sheet items are available from Carnell inc as of December 31, 2012: 2012 (in millions) Accounts payable 775,500 *35,035 Accounts receivable 50,000 85,065 Bonds payable, due 12/31/2016 125,000 25,000 Buildings, net 240,000 300,000 Capital stock, 5 par 100,000 80,000 15,000 25,635 Equipment, net 24,000 24,000 Income taxes payable 12,250 16,465 13,755 7,550 33. Cash Interest payable 25,650 27,270 Inventory 300,000 200,000 Land 125,000 100,000 Long-term investments Notes payable, due 6/30/2013 100,000 100,000 Supplies 12,500 13,500 Additional paid-in capital 200,000 190,000 Patents 6,000 6,000 Prepaid rent 10,150 12,275 Retained earnings 146,295 306,135 Salaries payable 35,500 33,560 Required a. Prepare a comparative, classified balance sheet for Carnell Inc. b. Perform horizontal and vertical analyses and interpret the results. Round percentages to one decimal point (i.e., 10.1%). c. Assume the same information above except that in 2012, Bonds payable is 20 while Retained earnings is 271,295. Does this new information change any interpretations previously made? 3 32. Prenare and in