Required:
Using the Information Given Below,prepare a Classified Balance Sheet

Essay

Required:
Using the information given below,prepare a classified balance sheet in good form for Babic Company at December 31,2012. $\begin{array}{lr}\text { Accounts Payable } & \$ 3,000 \\\text { Accounts Receivable } & 109,000 \\\text { Accrued Liabilities } & 22,000 \\\text { Accumulated Depreciation } & 326,000 \\\text { Cash } & 32,000 \\\text { Common Stock } & 107,000\\\text { Convertible Debentures } & 561,000 \\\text { Deferred Income Taxes (long-term liability) } & 117,000 \\\text { Equipment } & 1,070,000 \\\text { Inventory } & 146,000 \\\text { Land } & 917,000\\ \text {Marketable Securities } &11,000 \\ \text {Paid-In Capital in Excess of Par } &141,000\\ \text { Retained Earnings } &952,000\\ \text { Treasury Stock } &24,000\\\end{array}$