Presented below is information related to victor company at december 31, 2019. assume a tax rate of 30% on all items. account title amount account title amtaccounts payable $ 204,975 income taxes payable 78,000accounts receivable 259,200 interest payable 2,850accum. depreciation - building - 391,500 inventory 790,125additional paid-in capital 81,900 land 232,500allowance for doubtful accounts 3,900 notes payable-short-term 96,000notes receivable due in 6 months. 69,000bonds payable (due 2025) 600,000 preferred stock 375,000buildings 963,000 prepaid insurance 28,125cash 85,125 salaries and wages payable 17,100common stock 562,500 supplies 18,900copyrights 96,450 trading securities 36,300debt investments (long-term) 140,700 retained earnings 306,000requirements: prepare the asset section of a classified balance sheet for victor company using the report form. include all headings, subheading, subtotals, and totals (with labels) that appear on a classified balance sheet.
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