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 |
|