These items are taken from the financial statements of Swift.
These items are taken from the financial statements of Swifty Corporation at December 31, 2017.Buildings$86,756Accounts receivable10,332Prepaid insurance2,624Cash9,709Equipment67,568Land50,184Insurance expense640Depreciation expense4,346Interest expense2,132Common stock49,200Retained earnings (January 1, 2017)32,801Accumulated depreciation buildings37,392Accounts payable7,790Notes payable76,752Accumulated depreciation equipment15,350Interest payable2,952Service revenue12,054Prepare a classified balance sheet. Assume that $11,152 of the note payable will be paid in 2018. (List current assets in order of liquidity and property plant and equipment in order of land, buildings and equipment.)Swifty CorporationBalance Sheet For the Year Month December 31, 2017For the Year Ended December 31, 2017December 31, 2017Assets Long-Term InvestmentsTotal Long-Term InvestmentsTotal LiabilitiesTotal Intangible AssetsStockholders EquityTotal AssetsTotal Current LiabilitiesCurrent AssetsCurrent LiabilitiesTotal Current AssetsTotal Liabilities and Stockholders EquityLong-Term LiabilitiesTotal Long-Term LiabilitiesProperty, Plant and EquipmentIntangible AssetsTotal Stockholders EquityTotal Property, Plant and Equipment$ Total Intangible AssetsTotal LiabilitiesCurrent AssetsLong-Term LiabilitiesTotal Current LiabilitiesCurrent LiabilitiesLong-Term InvestmentsIntangible AssetsStockholders EquityTotal Current AssetsProperty, Plant and EquipmentTotal AssetsTotal Liabilities and Stockholders EquityTotal Long-Term InvestmentsTotal Long-Term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders Equity$ Total AssetsTotal Intangible AssetsTotal Current LiabilitiesIntangible AssetsCurrent LiabilitiesLong-Term InvestmentsTotal Current AssetsTotal Long-Term InvestmentsLong-Term LiabilitiesTotal Liabilities and Stockholders EquityProperty, Plant and EquipmentStockholders EquityTotal Long-Term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders EquityTotal LiabilitiesCurrent Assets$ Add Less : Add Less : Long-Term LiabilitiesCurrent LiabilitiesCurrent AssetsTotal Intangible AssetsLong-Term InvestmentsTotal Long-Term LiabilitiesProperty, Plant and EquipmentTotal AssetsIntangible AssetsTotal Stockholders EquityTotal Current LiabilitiesTotal Long-Term InvestmentsTotal Current AssetsStockholders EquityTotal Liabilities and Stockholders EquityTotal Property, Plant and EquipmentTotal Liabilities$Liabilities and Stockholders Equity Stockholders EquityTotal Liabilities and Stockholders EquityTotal AssetsTotal Intangible AssetsTotal LiabilitiesCurrent AssetsTotal Current AssetsProperty, Plant and EquipmentIntangible AssetsTotal Stockholders EquityCurrent LiabilitiesTotal Current LiabilitiesTotal Long-Term InvestmentsLong-Term LiabilitiesTotal Long-Term LiabilitiesTotal Property, Plant and EquipmentLong-Term Investments$ Intangible AssetsCurrent LiabilitiesLong-Term InvestmentsLong-Term LiabilitiesTotal Property, Plant and EquipmentTotal Liabilities and Stockholders EquityProperty, Plant and EquipmentTotal Stockholders EquityTotal Long-Term InvestmentsCurrent AssetsTotal Current LiabilitiesTotal LiabilitiesStockholders EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Long-Term Liabilities$ Total Intangible AssetsTotal Property, Plant and EquipmentTotal Long-Term LiabilitiesTotal Stockholders EquityTotal Current AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal LiabilitiesLong-Term LiabilitiesTotal AssetsTotal Long-Term InvestmentsCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsProperty, Plant and EquipmentStockholders Equity Total Stockholders EquityIntangible AssetsTotal Current AssetsTotal AssetsTotal Property, Plant and EquipmentCurrent LiabilitiesTotal LiabilitiesCurrent AssetsTotal Current LiabilitiesStockholders EquityLong-Term InvestmentsTotal Liabilities and Stockholders EquityTotal Intangible AssetsTotal Long-Term InvestmentsLong-Term LiabilitiesProperty, Plant and EquipmentTotal Long-Term Liabilities Total Stockholders EquityTotal Current LiabilitiesLong-Term LiabilitiesStockholders EquityIntangible AssetsTotal Property, Plant and EquipmentCurrent LiabilitiesTotal Long-Term LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-Term InvestmentsTotal LiabilitiesProperty, Plant and EquipmentLong-Term InvestmentsCurrent AssetsTotal Intangible AssetsTotal AssetsTotal Current Assets Total LiabilitiesTotal Liabilities and Stockholders EquityTotal Property, Plant and EquipmentTotal Stockholders EquityLong-Term LiabilitiesCurrent AssetsTotal Current AssetsTotal Intangible AssetsTotal Long-Term InvestmentsTotal Current LiabilitiesStockholders EquityTotal AssetsLong-Term InvestmentsCurrent LiabilitiesIntangible AssetsTotal Long-Term LiabilitiesProperty, Plant and Equipment Total Current LiabilitiesTotal Liabilities and Stockholders EquityStockholders EquityTotal Long-Term InvestmentsLong-Term LiabilitiesIntangible AssetsProperty, Plant and EquipmentCurrent LiabilitiesTotal Intangible AssetsLong-Term InvestmentsTotal Current AssetsTotal AssetsTotal Property, Plant and EquipmentTotal Long-Term LiabilitiesTotal Stockholders EquityTotal LiabilitiesCurrent Assets$
These items are taken from the financial statements of Swift
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