what is the full solution? Listed below (in random order) are all of the December 31, 2017 balance sheet accounts of the McCain Company.Land$10,5002,400900Sinking fund for bond retirementDiscount on bonds payableEquipmentPreferred stock, $100 parAccumulated depreciation, buildingsInvestment in bonds held to maturityAccrued wages14,0005,0005,5004,0001,9503,50017,50013,000Additional paid-in capital on common stockBuildingsBonds payable (due 2020)Office suppliesRetained earningsInventoryAccounts receivable75014,15010,0007,6505,650900Accounts payablePrepaid insuranceCommon stock, $10 parAllowance for doubtful accounts6,7502501,5004,5001,150Interest payableCashTreasury stock (at cost)Dividends payableAdditional paid-in capital on preferred stockNotes payable (due 1/1/20)7501,0008,000 Preferred stock, $100 parAccumulated depreciation, buildingsInvestment in bonds held to maturityAccrued wagesAdditional paid-in capital on common stockBuildingsBonds payable (due 2020)Office suppliesRetained earnings5,0005,5004,0001,9503,50017,50013,00075014,15010,0007,6505,650InventoryAccounts receivableAccounts payablePrepaid insuranceCommon stock, $10 par9006,750250Allowance for doubtful accountsInterest payable1,5004,5001,150CashTreasury stock (at cost)Dividends payableAdditional paid-in capital on preferred stockNotes payable (due 1/1/20)Income taxes payable (current)Accumulated depreciation, equipment7501,0008,0003,0004,250Required:Prepare a properly classified balance sheet for the McCain Company on December 31, 2017.

The balance sheet is one of the most common financial statements of a company, prepared at the…

Preferred stock, $100 par 5,000 Accumulated depreciation, buildings Investment in bonds held to maturity Accrued wages Additional paid-in capital on common stock Buildings Bonds payable (due 2020) Office supplies Retained earnings Inventory Accounts receivable 5,500 4,000 1,950 3,500 17,500 13,000 750 14,150 10,000 7,650 5,650 Accounts payable Prepaid insurance Common stock, $10 par 900 6,750 250 Allowance for doubtful accounts Interest payable Cash 1,500 4,500 1,150 750 Treasury stock (at cost) Dividends payable Additional paid-in capital on preferred stock Notes payable (due 1/1/20) Income taxes payable (current) Accumulated depreciation, equipment 1,000 8,000 3,000 4,250 Required: Prepare a properly classified balance sheet for the McCain Company on December 31, 2017.