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Prepare a classified balance sheet. Assume that $15,504 of the note payable will be paid...

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Accounting

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Prepare a classified balance sheet. Assume that $15,504 of the note payable will be paid in 2028 . (List Current. List Property, Plant, and Equipment in order of Land, Buildings and Equipment.) These items are taken from the financial statements of Sheridan Co. at December 31, 2027. 1.73/2 \begin{tabular}{|r|} 4,104 \\ \hline 15,504 \\ \hline \end{tabular} December 31, 2027 Assets Current Assets Cash \( \$ \longdiv { 1 3 , 4 9 8 } \) Accounts Receivable 14,364 Prepaid Insurance 3,648 Total Current Assets Property, Plant, and Equipment Land 69,768 Buildings $120,612 Less : Accumulated Depreciation-Buildings \begin{tabular}{|l|l|} \hline51,984 & i \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Total Current Liabilities Notes Payable Current Portion Interest Payable Long-Term Liabilities Notes Payable Total Liabilities Stockholders' Equity Common Stock 68,40052462 ,648 $120,612 \begin{tabular}{r|r|} \hline51,984 & i \\ \hline 93,936 \\ \hline \end{tabular} Liabilities and Stockholders' Equity

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