Using the information given below, prepare a classified balance sheet in good form for Babic Company at December 31, 2010.
|
Accounts Payable
|
$ 83,000
|
|
Accounts Receivable
|
109,000
|
|
Accrued Liabilities
|
22,000
|
|
Accumulated Depreciation
|
326,000
|
|
Cash
|
32,000
|
|
Common Stock
|
107,000
|
|
Convertible Debentures
|
561,000
|
|
Deferred Income Taxes (long-term liability)
|
117,000
|
|
Equipment
|
1,070,000
|
|
Inventory
|
146,000
|
|
Land
|
917,000
|
|
Marketable Securities
|
11,000
|
|
Paid-In Capital in Excess of Par
|
141,000
|
|
Retained Earnings
|
952,000
|
|
Treasury Stock
|
24,000
|