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Less : Accumulated Depreciation Equipment Less : Accumulated Depreciation Land Improvements Total Property, Plant, and Equipment Intangible Assets Patents Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Parable Interest Payable The following items are taken from the financial statements of Cullumber Company at December 31, 2025. LandAccountsreceivableSuppliesCashEquipmentBuildingsLandimprovementsNotesreceivable(duein2026)Accumulateddepreciation-landimprovementsCommonstockRetainedearnings(December31,2025)Accumulateddepreciation-buildingsAccountspayableMortgagepayableAccumulateddepreciation-equipment$195,00021,3009,00011,85082,800264,00045,7506,40012,10077,500506,00033,0009,60085,20019,000 Accounts Recelvable Notes Receivable Supplies Total Current Assets Long-Term Investments Stock Investments Property, Plant, and Equipment Land Buildings Less : Accumulated Depreciation-Buildings Equipment 1950 $ 264000 Current Aortion of Mortgage Payable Total Current Liabilities Long-Term Liabilities Mortsage Payable Totalliabilities Storkholders' Equity CommonStock Retalned Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Prepare a classified balance sheet. Assume that $9,500 of the mortgage payablewwill be paid in 2026. (List Current Assets in order of liquidity, List Property, Plant, and Equipment in order of Land, Buildings, Equipment, and Land Improvements.)

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