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Question - Make the Classified Balance Sheet - Ivanhoe Company as of April 30, 2022
Accounts payable $852
Accounts receivable 850
Accumulated depreciation-equipment 690
Cash 1,230
Common stock 16,100
Cost of goods sold 1,070
Depreciation expense 315
Dividends 400
Equipment 2,450
Goodwill 1,900
Income tax expense 170
Income taxes payable 150
Insurance expense 380
Interest expense 480
Inventory 980
Investment in land 12,870
Land 3,500
Mortgage payable (long-term) 4,300
Notes payable (short-term) 63
Prepaid insurance 70
Retained earnings (beginning) 1,300
Salaries and wages expense 850
Salaries and wages payable 260
Sales revenue 5,200
Stock investments (short-term) 1,400
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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