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Business, 11.11.2020 17:30 lcy1086526Lisa1026

The following items are taken from the financial statements of Ivanhoe Company at December 31, 2022. Land $197,900
Accounts receivable 22,000
Supplies 10,200
Cash 12,050
Equipment 82,100
Buildings 261,200
Land improvements 45,900
Notes receivable (due in 2023) 6,200
Accumulated depreciation—land improvements 12,700
Common stock 80,000
Retained earnings (December 31, 2022) 495,000
Accumulated depreciation—buildings 33,600
Accounts payable 9,800
Mortgage payable 91,900
Accumulated depreciation—equipment 18,950
Interest payable 3,400
Income taxes payable 15,500
Patents 46,700
Investments in stock (long-term) 71,300
Debt investments (short-term) 5,300

Required:
Prepare a classified balance sheet. Assume that $9,300 of the mortgage payable will be paid in 2023.

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The following items are taken from the financial statements of Ivanhoe Company at December 31, 2022....
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