Using the following data, prepare a classified balance sheet for Blanchard Company as of December 31, 2010.
Cash
$ 200
Accumulated Depreciation- Building
$ 1,000
Investments in Short-Term Government Securities
400
Franchise
1,800
Accounts Receivable
800
Accounts Payable
1,600
Inventory
3,000
Revenues Received in Advance
400
Prepaid Rent
100
Notes Payable (in two years)
4,000
Investment in Land Held for future use
2,700
John Blanchard, Capital
12,000
Land
2,000
Building
8,000