The following information is available for Elwes Company for the year ended December 31, 2018: 
Instructions
Use the above information to prepare a classified balance sheet for the year ended December 31, 2018.
Definitions:
Flexible Budget
A dynamic budget that changes according to the business activity levels, offering a more adaptable financial planning tool.
Level of Activity
A measure of the volume of production or operations, often influencing cost behavior and used to allocate fixed costs to units of product.
Revenue Variance
The difference between the actual revenue earned and the budgeted or expected revenue.
Static Planning Budget
A budget based on a single level of output, not adjusted for changes in activity levels.
Q95: Sales returns and allowances and sales discounts
Q102: It is not true that current assets
Q103: Depreciation expense for a period is the<br>A)
Q140: The adjusted trial balance of Hanson Hawk
Q149: The following items are taken from the
Q154: Dreamtime Laundry purchased $7,000 worth of supplies
Q157: A trial balance may balance even when
Q167: Which account listed below would be double
Q218: The Income statement is<br>A) required under GAAP
Q232: The net income (or loss) for the