The following information was obtained from shahan co. as of Dec.31 2018.
Retain Earning $ 155,000 Deferred income Tax liability $ 30,000
Common Stock ? Long term Debts 95,000
Accounts Payable 35,000 Current maturities of long term debts 25,000
Treasury Stock(at cost) 10,000 Plant Assets 570,000
Long term Investment 200,000 Short Term Investment 75,000
Cash 65,000 Inventories 85,000
Allowance for Bad Debts 5,000 Allowance for Depreciation 50,000
Accounts Receivable 125,000 Prepaid Expenses 4,000
Accrued Income Tax 7,000 patents 40,000
Required: To prepare classified Balance Sheet in report form as on Dec.31 2018.