See below for the same information on ABC Corporation as in Question 1. 75 325...
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Accounting
See below for the same information on ABC Corporation as in Question 1. 75 325 200 160 160 130 125 100 65 55 45 40 30 Accounts receivable Investments Revenue Deferred revenue Equipment Net Salaries payable Salaries expense Cash Additional paid in capital Common stock Retained earnings Notes payable 25 Land Bad debt expense 20 Selling expense Allowance for doubtful accounts 15 Note the following additional information: $60 of depreciation has been recorded on the equipment since purchase. $10 of the investment balance represent highly liquid investments with maturities in two months. The other investments will be held for at least two more years. $25 of the balance in the Land account is being held for sale and not used in operations. The sale is expected within six months No dividends were declared in 2021. Required: Prepare the cutent asset section of the classified balance sheet in proper form as of 12/31/2021
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