The financial statement columns of the worksheet for Booer Company as of December 31 2016 are as follows: 
Instructions
Prepare a classified balance sheet for Booer Company.
Definitions:
Direct Labor Costs
Expenses associated with employees who directly contribute to the production of goods or services, such as wages and salaries for manufacturing workers.
Sustainable Business Activity
An approach to conducting business that prioritizes environmental conservation, social responsibility, and economic performance.
Crop Rotation
An agricultural technique where different types of crops are planted in the same area in sequenced seasons to improve soil health and reduce pest and disease risk.
Factory Overhead
All indirect costs involved in manufacturing beyond direct materials and direct labor.
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