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Prepare classified balance sheet for the year

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Reference no: EM132923201

Question - The following information is available for The Eagles Company for the year ended December 31, 2020:

Accounts payable 7,000

Stock investments (long-term) 9,400

Accumulated depreciation, building 6,000

Retained earnings 18,000

Common stock 4,800

Intangible assets 2,500

Notes payable (due in 5 years) 103,000

Accounts receivable 2,800

Cash 2,600

Debt investments (short-term) 3,000

Land 12,000

Building 106,500

Required - Please use the above information to prepare classified balance sheet for the year ended December 31, 2020.

Reference no: EM132923201

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