Blimpy’s Doughnuts, Inc.’s adjusted trial balance appears below. Prepare a classified balance sheet at December 31, 2011 for Blimpy’s. Hint: Account…

104.Blimpy’s Doughnuts, Inc.’s adjusted trial balance appears below. Prepare a classified balance sheet atDecember 31, 2011 for Blimpy’s. Hint: Account categories for several of the items listed are found inBlimpy’s Doughnuts, Ine.Adjusted Trial Balance (alphabetical order)December 31, 2011DebitsCreditsAccounts and notes receivable27,603Accounts payable7.874Accrued litigation settlement (current liability)86,772Accumulated deficit191,010Accumulated other comprehensive income1,266Cash and cash equivalents36,242Common stock310,942Current maturities of long-term debt1,730Deferred income taxes (noncurrent asset)20Deferred income taxes (current liability)20Depreciation and amortization21.046Direct operating expenses389.379Equity in (losses) of equity method franchisees842General and administrative expenses48.860Goodwill and other intangible assets28.934Impairment charges and lease termination costs12,519Insurance recovery receivable (current asset)34.967Interest expense20.334Interest income1,627Inventories21,006Investments in equity method franchisees3,224Long-term debt, less current maturities105,966Other accrued liabilities38,474Other assets16,842Other current assets12,000Other income5,105Other long-term obligations29,694Property and equipment168.654Provision for income taxes1.211Revenues461,195Settlement of litigation (expense)15.972parenthesis.Totals$1.050.665$1.050,665

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