The following items were taken from the financial statements of Buttercup Company. (All dollars are in thousands.)

The following items were taken from the financial statements of Buttercup Company. (All dollars are in thousands.)

    Mortgage payable    $  2,443    Accumulated depreciation    3,655

    Prepaid expenses    880    Accounts payable    1,444

    Property, plant, and equipment    11,500    Notes payable after 2015    1,200

    Long-term investments    1,100    Owner’s capital    13,480

    Short-term investments    3,690    Accounts receivable    1,696

    Notes payable in 2015    1,000    Inventories    1,756

    Cash    2,600

 

Instructions

Prepare a classified balance sheet in good form as of December 31, 2014.

                                        


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