Presented below are a number of balance sheet items for Ivanhoe, Inc. for the current year, 2020. Goodwill $ 129,170 Accumulated Depreciation-Equipment $ 292,100 Payroll Taxes Payable 181,761 Inventory 243,970 Bonds payable 304,170 Rent payable (short-term) 49,170 Discount on bonds payable 15,100 Income taxes payable 102,532 Cash 364,170 Rent payable (long-term) 484,170 Land 484,170 Common stock, $1 par value 204,170 Notes receivable 449,870 Preferred stock, $10 par value 154,170 Notes payable (to banks) 269,170 Prepaid expenses 92,090 Accounts payable 494,170 Equipment 1,474,170 Retained earnings ? Debt investments (trading) 125,170 Income taxes receivable 101,800 Accumulated Depreciation-Buildings 270,300 Notes payable (long-term) 1,604,170 Buildings 1,644,170 Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same
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Presented below are a number of balance sheet items for Ivanhoe, Inc. for the current year, 2020. Go...
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