Kieso, Int termediate Accounting, 16e Read, Study Practice Assignment Open Assignment Presented below are a number of balance sheet items for Waterway, Inc. for the current year 2017. $128,030 Accumulated Depreciation Equipment 292,270 Payroll Taxes Payable 180,621 301000 Rent payable (short-term) Discount on bonds payable 15.270 Income taxes payable 101,392 363.030 Rent payable (long-term) 483,030 Common stock, $1 par value Preferred stock, S10 par value 153 030 Notes payable (to banks) 268.030 Prepaid expenses 493,030 Equipment 1,473,000 Retained earnings Equity investments (trading) 100,660 Accumulated Depreciation Bulldings 270,470 Notes payable (long-term) short-term, unless preferred stock authorized was 20 ooo shares. Assume that notes receivable and notes payable are lding stated otherwise. Cost and far value of equity investments (trading) are the same. (List canne Assees in order er iquidity. List Property, Plant and Equipment in onder of and Equipment.)