The following information is available for Lessila Bowling Alley at December 31, 2017.
|
Buildings
|
|
$128,300
|
|
Owner's Capital
|
|
$109,430
|
|
|
Accounts Receivable
|
|
14,440
|
|
Accumulated Depreciation-Buildings
|
|
42,650
|
|
|
Prepaid Insurance
|
|
4,680
|
|
Accounts Payable
|
|
13,200
|
|
|
Cash
|
|
17,540
|
|
Notes Payable
|
|
97,650
|
|
|
Equipment
|
|
64,000
|
|
Accumulated Depreciation-Equipment
|
|
18,740
|
|
|
Land
|
|
59,000
|
|
Interest Payable
|
|
2,400
|
|
|
Insurance Expense
|
|
780
|
|
Bowling Revenues
|
|
14,330
|
|
|
Depreciation Expense
|
|
7,260
|
|
|
|
|
|
|
Interest Expense
|
|
2,400
|
|
|
|
|
|
Prepare a classified statement of financial position. Assume that $15,000 of the notes payable will be paid in 2018.