2. k Required information Use the following information for Quick Studies below. (Algo) The following information applies to the questions displayed below) The following is the adjusted trial balance of Sierra Company, Sierra Company Adjusted Trial Balance December 31 Account Title Debit Credit Cash $ 45,000 Prepaid insurance 2,500 Notes receivable (due in 5 years) 8,000 Buildings 120,000 Accumulated depreciation- $ Buildings 32,000 Accounts payable 12,500 Notes payable (due in 3 13,000 years) Common stock 26,000 Retained earnings 14,500 Dividends 11,000 Consulting revenge 109,500 Wages expense Depreciation expense- 12,000 Buildings Insurance expense 3,500 $ $ Totals 207,500 207,500 ot ence 5,500 OS 3-31 (Algo) Preparing a classified balance sheet LO C2 Use the information in the adjusted trial balance to prepare Sierra Company's classified balance sheet as of Decembe 31 SIERRA COMPANY Balance Sheet December 31