Use the following info to prepare a classified balance sheet for Steller Company at the end of 2008.
Accounts Receivable $42,500
Accounts Payable $8,000
Cash $15,260
Common Stock $42,000
Long Term Notes Payable $23,000
Merchandise Inventory $29,000
Office Equipment $28,500
Retained Earnings $45,460
Prepaid Insurance $3,200
