P3-2 The following information was obtained from the accounts of Lukes, Inc., as of December 31, 2012. It is presented in scrambled order.
Commonstock, no par value, 10,000 shares authorized, 5,724 shares issued							$3,180
Retained earnings							129,950
Deferred income tax liability (longterm)							24,000
Long-term debt							99,870
Accounts payable							35,000
Buildings							75,000
Machinery and equipment							300,000
Land							11,000
Accumulated depreciation							200,000
Cash							3,000
Receivables, less allowance of $3,000							58,000
Accrued income taxes							3,000
Inventory							54,000
Other accrued expenses							8,000
Current portion of long-term debt							7,000
Prepaid expenses							2,000
Other assets (longterm)							7,000
Required Prepare a classified balance sheet in report form. For assets, use the classifications of current assets, plant and equipment, and other assets. For liabilities, use the classifications of current liabilities and long-term liabilities.