Answer:
Since the answer requires the preparation of a balance sheet, please refer to the explanation section for the answer.
Explanation:
ASSETS
Long Term Assets
Property, Plant & Equipment
Intangible Assets
Long Term Investments
Total Non-current Assets
Current Assets
Cash
Inventory
Accounts Receivable
Notes Receivable
Total Current Assets
Total Assets
LIABILITIES AND EQUITY
Long Term Liabilities
Bonds Payable
Total Non-current Liabilities
Current Liabilities
Notes Payable
Accrued Expenses
Payables
Total Current Liabilities
Total Liabilities
Shareholders' Equity
Common Stock
Treasury Stock
Additional Paid in Capital
Minority Interest
Retained Earnings
Total Shareholders' Equity
Total Liabilities and Equity
Note that a classified balance sheet is one in which information about a company's equity, liabilities, and assets (along with the subsegments under each classification and category) is reported as on a specific date. Balance sheets can be created for any date but are usually created at the end of the financial year of the company or at the end of a shorter accounting period, for example, quarter end and semi-annual etc. The word classification is used since the balance sheet "classifies" certain types of account under one general account name. So rather than mentioning all the accounts that a company can possible have in the balance sheet, you include generic forms that club various accounts together. Details of all the accounts can be provided in the notes to the financial statements. This makes a balance sheet much easier to read for a user of the financial statement and makes for easier comparisons between years and between other companies.
The balance sheet provided above has, first of all, divided the accounts into 3 distinct classifications (represented in the accounting equation) which is assets, liabilities, and equity. These are then further broken into short term and long term (for example current assets and non-current assets). Finally, these are further broken down into line items encompassing a bunch of individual accounts.
So, for example, the line item that reads Property Plant & Equipment has clubbed the following accounts mentioned in the question: Accumulated Depreciation - Buildings, Land Held for Future Plant Site, and Buildings.
The following can be provided in the notes and reflects on how the categories were grouped line item wise.
(1) Intangible assets refer to copyright (which is long term in nature)
(2) Long term investments refer to preferred stock investments (long term)
(3) Cash refers to both Cash and Cash restricted for plant expansion
(4) Inventory refers to Raw Materials, Work in Process, and Finished Goods
(5) Accounts Receivable refers to Receivables - Officers and Allowance for Doubtful Accounts (which is a contra asset account)
(6) Bonds payable refers to Bonds Payable (due in 4 years) and discount on bonds
(7) Accrued Expenses refer to Unearned Rent Revenue and Unearned Subscriptions Revenue