(Answered) Use the following information to prepare a classified

Accounting

Use the following information to prepare a classified balance sheet for Watkins Co. at the end of 2013

Accounts receivable .......$24,300
Accounts payable ........$11,000
Cash ..............$21,300
Common stock ..........$24,000
Land .............$15,000
Long-term notes payable .......$18,500
Merchandise inventory ......$27,000
Retained earnings ........$34,100

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