Jet Fast Printing reported the following:

Price: $1.99


S4-9 Classifying assets and liabilities as current or long-term [5 min]
Jet Fast Printing reported the following:

Buildings $4,200
Service revenue $1,115
Accounts payable 600
Cash 400
Total expenses 1,200
Receivables 700
Accumulated depreciation 3,000
Interest expense 110
Accrued liabilities (such as Salary payable) 400
Equipment 1,100
Prepaid expenses 300

Requirements

1. Identify the assets (including contra assets) and liabilities.

2. Classify each asset and each liability as current or long-term.