The following is a list (in random order) of the December 31, 2007 balance sheet accounts of the Midwest Company:

Required
Prepare a properly classified balance sheet for the Midwest Company on December 31,2007.

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Additional paid-in capital on preferred stock $ 1,600 Accounts payable Dividends payable Bonds payable due 2013) $16,500 13,800 Prepaid insurance 1,800 50,000 29,000 25,800 Discount on bonds payable Common stock, $10 par Equipment Allowance for doubtful accounts 2,000 15,000 29,000 1,900 Preferred stock, $50 par 4,200 Accumulated depreciation: buildings 8,300 2,400 Investment in held-to-maturity bonds Office supplies Current income taxes payable Accumulated depreciation: equipment Patents (net) Notes payable (due January 1, 2010) Inventory Additional paid-in capital on common stock Sinking fund for bond retirement 10,000 12,400 2,900 9,000 8,200 1,500 3,700 9,500 Current interest payable 17,000 Cash 24,400 Treasury stock (at cost) 7,700 Accrued wages 4,000 Land