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The following items are taken from the financial statements of Sand Clock Co. at February...

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Accounting

The following items are taken from the financial statements of Sand Clock Co. at February 20, 2021.

Land $ 195,900
Accounts receivable 21,500
Supplies 9,300
Cash 12,100
Equipment 83,400
Buildings 263,200
Land improvements 45,700
Notes receivable (due in 2023) 5,300
Accumulated depreciationland improvements 13,100
Common stock 72,500
Retained earnings (December 31, 2022) 505,000
Accumulated depreciationbuildings 34,300
Accounts payable 9,600
Mortgage payable 86,650
Accumulated depreciationequipment 18,950
Interest payable 3,900
Income taxes payable 15,700
Patents 47,700
Investments in stock (long-term) 71,100
Debt investments (short-term) 4,500

Prepare a classified balance sheet. Assume that $ 9,800 of the mortgage payable will be paid in 2021

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