These items are taken from the financial statements of Windsor, Inc. at December 31, 2017.
Buildings
$97,336
Accounts receivable
11,592
Prepaid insurance
2,944
Cash
10,893
Equipment
75,808
Land
56,304
Insurance expense
718
Depreciation expense
4,876
Interest expense
2,392
Common stock
55,200
Retained earnings (January 1, 2017)
36,801
Accumulated depreciation-buildings
41,952
Accounts payable
8,740
Notes payable
86,112
Accumulated depreciation-equipment
17,222
Interest payable
3,312
Service revenue
13,524
Prepare a classified balance sheet. Assume that $12,512 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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