The Following Information Is Available for Sergio Company for the Year

question 168

Essay

The following information is available for Sergio Company for the year ended December 31 2016: $\begin{array}{ll}\text { Accounts payable } & \$ 4,300 \\\text { Accumulated depreciation-equipment } & 5,000 \\\text { Owner's capital } & 8,300 \\\text { Intangible assets } & 2,500 \\\text { Notes payable (due in 5 years) } & 6,500\\\text { Accounts receivable } & 1,900 \\\text { Cash } & 2,800 \\\text { Short-term investments } & 2,500 \\\text { Equipment } & 8,700 \\\text { Lonq-term investments } & 5,700\end{array}$ Instructions
Use the above information to prepare a classified balance sheet for the year ended December 31 2016.

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Definitions:

Pepsin

An enzyme produced in the stomach that initiates the digestion of proteins by breaking them down into smaller peptides.

Saturated Fats

Fats that contain no double bonds between carbon atoms, typically solid at room temperature and found in animal fats and some vegetable oils.

Refined Grain

Grain products that have been processed to remove the bran and germ, leaving behind the endosperm, often resulting in a loss of nutrients.

Complex Carbohydrates

Carbohydrates consisting of long chains of sugar molecules, found in foods such as grains, vegetables, and legumes, providing sustained energy.