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  3. these items are taken from the financial statement

These items are taken from the financial statements of Coronado Industries at December 31, 2017....

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Accounting

These items are taken from the financial statements of Coronado Industries at December 31, 2017.

Buildings $105,800
Accounts receivable 12,600
Prepaid insurance 3,200
Cash 11,840
Equipment 82,400
Land 61,200
Insurance expense 780
Depreciation expense 5,300
Interest expense 2,600
Common stock 60,000
Retained earnings (January 1, 2017) 40,000
Accumulated depreciationbuildings 45,600
Accounts payable 9,500
Notes payable 93,600
Accumulated depreciationequipment 18,720
Interest payable 3,600
Service revenue 14,700

Prepare a classified balance sheet. Assume that $13,600 of the note payable will be paid in 2018. (List current assets in order of liquidity and property plant and equipment in order of land, buildings and equipment.)

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