**ABC Corporation has the following balances as of March 31, 2023:** - **Prepare a classified balance sheet
Cash:** ₹1,50,000 -
Accounts Receivable: ** ₹2,00,000 -
Inventory: ** ₹3,50,000 -
Prepaid Expenses:** ₹50,000 -
Plant and Equipment:** ₹10,00,000 -
Accumulated Depreciation:** ₹2,00,000 -
Accounts Payable:** ₹1,80,000 -
Short-term Notes Payable:** ₹1,20,000 -
Long-term Debt:** ₹4,00,000 -
Common Stock:** ₹5,00,000 -
Retained Earnings:** ₹3,50,000 1.