Prepare a classified balance sheet in good form

Reference no: EM13755456

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

Reference no: EM13755456

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