The financial statement columns of the worksheet for Maximum Effort at December 31 2016 are as follows: 
Instructions
(a) Calculate the balance of Owner's Capital that would appear on a balance sheet at December 31 2016.
(b) Prepare a classified balance sheet for Maximum Effort at December 31 2016 assuming the note payable is a long-term liability.
Definitions:
Priming
A psychological effect in which exposure to a stimulus influences a response to a subsequent stimulus, without conscious guidance or intention.
Spoken Word
A performance art that focuses on the aesthetics of word play, intonation, and voice inflection to deliver poetry or storytelling.
Rabbit
A small mammal known for its long ears, large hind legs, and ability to reproduce rapidly, commonly found in various habitats around the world.
Encoding
The initial process of converting information into a form that can be stored in memory.
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