Plz do not provided answer in image form Problem 5-4Presented below is the balance sheet of Ivanhoe Corporation as of December 31, 2017.IVANHOE CORPORATIONBALANCE SHEETDECEMBER 31, 2017AssetsGoodwill (Note 2)Buildings (Note 1)InventoryLandAccounts receivableTreasury stock (50,000 shares)Cash on handAssets allocated to trustee for plant expansionCash in bankDebt investments (held-to-maturity)Noncontrolling interestAppreciation capital (Note 1)EquitiesNotes payable (Note 3)Common stock, authorized and issued, 1,000,000 shares, no parRetained earnings$ 122,5801,640,000314,680950,000172,58089,580178,48072,580140,580$3,681,060$ 602,5801,152,580805,58057,580572,580 Appreciation capital (Note 1)Income tax payableReserve for depreciation recorded to date on the buildingNote 1: Buildings are stated at cost, except for one building that was recorded at appraised value. The excess of appraisal value over cost was $572,580. Depreciation has beenrecorded based on cost.572,58077,580412,580$3,681,060Note 2: Goodwill in the amount of $122,580 was recognized because the company believed that book value was not an accurate representation of the fair value of the company.The gain of $122,580 was credited to Retained Earnings.Note 3: Notes payable are long-term except for the current installment due of $100,000.Prepare a corrected classified balance sheet in good form. The notes above are for information only. (List Current Assets in order of liquidity.)IVANHOE CORPORATIONBalance SheetAssets

Name: Plz do not provided answer in image form Problem 5-4Presented below is
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Description: Plz do not provided answer in image form Problem 5-4Presented below is the balance sheet of Ivanhoe Corporation as of December 31, 2017.IVANHOE CORPORATIONBALANCE SHEETDECEMBER 31, 2017AssetsGoodwill (Note 2)Buildings (Note 1)InventoryLandAccounts re