The following items are taken from the financial statements of Oriole Company at December 31, 2022. Land     $195,800 Accounts receivable     22,500 Supplies     9,000 Cash     12,050 Equipment     83,200 Buildings     262,600 Land improvements     46,450 Notes receivable (due in 2023)     6,100 Accumulated depreciation—land improvements     13,200 Common stock     78,500 Retained earnings (December 31, 2022)     497,000 Accumulated depreciation—buildings     33,200 Accounts payable     10,200 Mortgage payable     91,950 Accumulated depreciation—equipment     18,950 Interest payable     3,100 Income taxes payable     14,600 Patents     46,800 Investments in stock (long-term)     71,300 Debt investments (short-term)     4,900 Prepare a classified balance sheet. Assume that $9,200 of the mortgage payable will be paid in 2023. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings, Equipment and Land Improvements.)

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The following items are taken from the financial statements of Oriole Company at December 31, 2022.

Land     $195,800
Accounts receivable     22,500
Supplies     9,000
Cash     12,050
Equipment     83,200
Buildings     262,600
Land improvements     46,450
Notes receivable (due in 2023)     6,100
Accumulated depreciation—land improvements     13,200
Common stock     78,500
Retained earnings (December 31, 2022)     497,000
Accumulated depreciation—buildings     33,200
Accounts payable     10,200
Mortgage payable     91,950
Accumulated depreciation—equipment     18,950
Interest payable     3,100
Income taxes payable     14,600
Patents     46,800
Investments in stock (long-term)     71,300
Debt investments (short-term)     4,900


Prepare a classified balance sheet. Assume that $9,200 of the mortgage payable will be paid in 2023. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings, Equipment and Land Improvements.)

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