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The following information was obtained from the accounts of Alleg, Inc., as of December 31, 2008. It is presented in scrambled order.
Common stock, authorized 21,000 shares
at $1 par value, issued 10,000 shares
$ 10,000
Additional paid-in capital
38,000
Cash
13,000
Marketable securities
17,000
Accounts receivable
26,000
Accounts payable
15,000
Current maturities of long-term debt
11,000
Mortgages payable
80,000
Bonds payable
70,000
Inventory
30,000
Land and buildings
57,000
Machinery and equipment
125,000
Goodwill
8,000
Patents
10,000
Other assets
50,000
Deferred income taxes (long-term liability)
18,000
Retained earnings
33,000
Accumulated depreciation
61,000
Required
Prepare a classified balance sheet in report form. For assets, use the classifications of current assets, plant and equipment, intangibles, and other assets. For liabilities, use the classifications of current liabilities and long-term liabilities.
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