Chapter 6, Problem 6.6BE

Classified Balance Sheet, Report Format. Martell Manufacturing Incorporated provided the following list of account balances for the current year ended December 31.

Account	Debit	Credit
Accounts receivable	$ 300,000
Bonds payable, due in 20 years		$ 400,000
Investments at fair value (trading)	58,000
Accounts payable		175,000
Additional paid-in capital		587,000
Accumulated other comprehensive loss	165,300
Current portion of long-term debt		25,000
Property, plant, and equipment - net	1,264,500
Dividends payable		135.000
Merchandise inventory	254,000
Income taxes payable		65,800
Cash	145,000
Notes payable, due in 5 years		138,500
Retained earnings		625,500
Common stock, $1 par value	—	35,000
Totals	$2,186,800	$2,186,800

Prepare a classified balance sheet for the current year using the report format.