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  3. these items are taken from the financial statement

These items are taken from the financial statements of Wildhorse Co. at December 31, 2022....

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Accounting

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These items are taken from the financial statements of Wildhorse Co. at December 31, 2022. Buildings $ 95,000 Accounts receivable 15,100 Prepaid insurance 4,750 Cash 18,590 Equipment 80,300 Land 61,000 Insurance expense 870 Depreciation expense 7,300 Interest expense 2,900 Common stock 58,500 Retained earnings (January 1, 2022) 38,560 Accumulated depreciation-buildings 45,100 Accounts payable 16,400 Mortgage payable 88,100 Accumulated depreciation equipment 18,700 Interest payable 3,400 Service revenue 17,050 Prepare a classified balance sheet. Assume that $ 14,200 of the mortgage payable will be paid in 2023. (List Current assets in order of Liabilities and Stockholders' Equity $ 16,400 3,400 17050 $ 36,850 88,100 124,950 58,500 58,500 quity v $ 183,450 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ 16,400 Interest Payable 3,400 Service Revenue 17050 Total Current Liabilities V Long-term Liabilities Mortgage Payable Total Liabilities Stockholders' Equity Common Stock 58,500 Retained Earnings

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