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Following is a list of items taken from the December 31, 2017, balance sheet of...

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Accounting

Following is a list of items taken from the December 31, 2017, balance sheet of Reagan Company (amounts omitted):

Accounts payable Goodwill
Accrued expenses Income taxes payable
Accumulated depreciationbuildings Land
Accumulated depreciationmachinery and equipment Machinery and equipment
Bonds payable Notes payable to banks (short term)
Buildings Preferred stock
Cash Prepaid expenses
Common stock Raw materials
Contributed capital in excess of par Retained earnings
Current portion of long-term debt Short-term investments
Deferred tax liability (noncurrent) Trade accounts receivable
Finished products inventory Trademarks
Work-in-process inventory

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Required: Using the above information, prepare a classified balance sheet in good form. Reagan Company Balance Sheet As of December 31, 2017 Liabilities and Stockholders' Equity Current liabilities: Assets Current assets: ... . .. .... Inventories: Total current liabilities Long-term liabilities Total current assets Plant assets: Total liabilities Stockholders' equity: Intangible assets: Total stockholders' equity Total liabilities and stockholders' equity Total assets

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