The following is a December 31, 2024, post-closing trial balance for Culver City Lighting, Inc. Prepare a classified balance sheet for the company.

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Account Title Cash Accounts receivable Inventory Prepaid insurance Equipment Accumulated depreciation Patent (net) Accounts payable Interest payable Notes payable (due in 10 years) Common stock Retained earnings Totals Debits $ 55,000 39,000 45,000 15,000 100,000 40,000 $294,000 Credits $ 34,000 12,000 2,000 100,000 70,000 76,000 $294,000 Activate