
Answer:
Cone Corporation
Partial Balance Sheet
As of December 31, 2018
Assets:
Current Assets:
Prepaid Rent  $22,000
Investment in marketable securities $60,000
Long-term Assets:
Prepaid Rent (long-term) $22,000
Restricted Funds for Bonds  $70,000
Investment in marketable securities $60,000
Liabilities:
Current liabilities:
Notes Payable   $40,000
Accrued Interest Payable $32,000
Long-term Liabilities:
Notes Payable   $200,000
Explanation:
Cone's assets and liabilities are re-classified according to whether they are short-term or long-term in order to present more accurately the elements of the financial statements.