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Presented below are a number of balance sheet items for Sunland, Inc., for the current year,...

Presented below are a number of balance sheet items for Sunland, Inc., for the current year, 2017.

Goodwill $ 127,990 Accumulated Depreciation-Equipment $ 292,160
Payroll Taxes Payable 180,581 Inventory 242,790
Bonds payable 302,990 Rent payable (short-term) 47,990
Discount on bonds payable 15,160 Income taxes payable 101,352
Cash 362,990 Rent payable (long-term) 482,990
Land 482,990 Common stock, $1 par value 202,990
Notes receivable 448,690 Preferred stock, $10 par value 152,990
Notes payable (to banks) 267,990 Prepaid expenses 90,910
Accounts payable 492,990 Equipment 1,472,990
Retained earnings ? Debt investments (trading) 123,990
Income taxes receivable 100,620 Accumulated Depreciation-Buildings 270,360
Notes payable (long-term) 1,602,990 Buildings 1,642,990


Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same. (List Current Assets in the order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.)

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