View Policies Current Attempt in Progress Presented below are a number of balance sheet items for Roma, Inc. for the current year, 2017. Goodwill $210,000 Accumulated depreciation-equipment $467,000 Payroll taxes payable 65,300 Inventory 398,600 Bonds payable 500,000 Rent payable (short-term) 40,000 Discount on bonds payable 35,000 Income tax payable 110,800 Cash 61,000 Rent payable (long-term) 80,000 Land 351,000 Common stock, $1 par value 250,000 Notes receivable 160,500 Preferred stock, $25 par value 1,250,000 Notes payable (to banks) 264,900 Prepaid expenses 68,760 Accounts payable 347,000 Equipment 1,386,000 Retained earnings ? Equity investments (trading) 375,000 Income taxes receivable 45,600 Accumulated depreciation-buildings 361,200 Unsecured notes payable (long-term) 1,300,000 Buildings 2,800,000 Prepare a classified balance sheet in good form. Common stock authorized was 1,000,000 shares, and preferred stock authorized was 50,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of equity investments (trading) are the same. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.)