Classified balance sheet in report form

Reference no: EM131001995

The following information was obtained from the accounts of Airlines International dated December 31, 2008. It is presented in alphabetical order.

Accounts payable	$ 77,916
Accounts receivable	67,551
Accrued expenses	23,952
Accumulated depreciation	220,541
Allowance for doubtful accounts	248
Capital in excess of par	72,913
Cash	28,837
Common stock (par $0.50, authorized 20,000
shares, issued 14,304 shares)	7,152
Current installments of long-term debt	36,875
Deferred income tax liability (long term)	42,070
Inventory	16,643
Investments and special funds	11,901
Long-term debt, less current portion	393,808
Marketable securities	10,042
Other assets	727
Prepaid expenses	3,963
Property, plant, and equipment at cost	809,980
Retained earnings	67,361
Unearned transportation revenue (airline
tickets expiring within one year)	6,808

Required:

Prepare a classified balance sheet in report form.

Reference no: EM131001995

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