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Consider the following account balances of Purrfect Pets, Inc., as of June 30, Year 3:

Required: Prepare a classified balance sheet at June 30, Year 3.

  Accounts Payable $ 112,040   Retained Earnings   56,300  
  Equipment   423,200   Notes Payable, due Year 5   344,800  
  Common Stock   208,000   Accounts Receivable   204,100  
  Income Tax Payable   4,060   Cash   97,900  

 

 

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