Refer to the data in Short Exercise S4-1. Prepare Dalton's classified balance sheet at December 31, 2018. Assume the Notes Payable is due on December 1, 2025. Use the report form.
In Short Exercise S4-1
Dalton Hair Stylists's adjusted trial balance follows. Prepare Dalton's income statement for the year ended December 31, 2018.

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DALTON HAIR STYLISTS Adjusted Trial Balance December 31, 2018 Balance Account Title Credit Debit $ 1,300 Cash Accounts Receivable 1,500 Office Supplies 1,800 Equipment 20,900 $ 2,200 Accumulated Depreciation-Equipment Accounts Payable 400 Interest Payable 500 Notes Payable 3,100 16,150 Common Stock Dividends 1,400 13,800 Service Revenue Rent Expense 3,900 Supplies Expense 850 Depreciation Expense-Equipment 2,200 Interest Expense 2,300 $ 36,150 $ 36,150 Total