Prepare a classified balance sheet for the Almway Corporat

Prepare a classified balance sheet for the Almway Corporation at December 31 2013. Additional information: The investment account includes an investment in common stock of another corporation of $33000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year. The land account includes land which cost $28000 that the company has not used and is currently listed for sale. The cash account includes $18000 set aside in a fund to pay bonds payable that mature in 2016 and $26000 set aside in a three-month Treasury bill. a $53000 note due in 5 annual installments of $10600 each with the next installment due February 15 2014. The common stock account represents 103000 shares of no par value common stock issued and outstanding. The corporation has 500000 shares authorized. Prepare a classified balance sheet for the Almway Corporation at December 31 2013.

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