Classified balance sheet for K and J Incorporated as of [date]

Assets
Current assets:
- Cash
- Accounts receivable
- Inventory
- Prepaid expenses
Total current assets

Property, plant, and equipment:
- Land
- Buildings
- Machinery and equipment
Less: Accumulated depreciation
Total property, plant, and equipment

Total assets

Liabilities
Current liabilities:
- Accounts payable
- Accrued expenses
- Short-term debt
Total current liabilities

Long-term liabilities:
- Long-term debt
- Other long-term liabilities
Total long-term liabilities

Total liabilities

Equity
Common stock
Retained earnings
Total equity

Total liabilities and equity