Classified Balance Sheet - four (4) questions - This problem does NOT build on the preceding problems, the numbers in the Adjusted Trial Balance are different. Instructions: Please prepare a Balance Sheet on your scratch paper based on the following Adjusted Trial Balance and Additional Information below to answer this question and the next three (3) questions. (Hint: you may also want to prepare a new Income Statement and Statement of Stockholders' Equity before preparing the Balance Sheet to make sure you have the necessary information for the Balance Sheet account balances.) You will need to know the amounts for total current assets, total long-term assets, total current liabilities, and total stockholders' equity.

Adjusted Trial Balance As of 12/31/20xx Accounts Debit Credit

Cash $15,400

Supplies 5,791

Accounts Receivable 4,868

Equipment 120,700

Accumulated Depreciation $6,000

Accounts Payable 12,100

Deferred Revenue 1,868

Notes Payable (due in 24 months 80,791

Common Stock 2,868

Retained Earnings 46,500

Dividends 4,868

Revenue 12,400

Rent Expense 900

Supplies Expense 3,000

Utility Expense 1,000

Depreciation Expense 6,000

Additional Information: Beginning Balance of Common Stock on 1/1/20xx $2,868 Beginning Balance of Retained Earnings on 1/1/20xx $46,500 No new stock was issued during the accounting period. Hint: Please remember the formula for retained earnings when preparing this statement.

Questions (4):

-What is the amount shown for Total Current Assets shown on the Classified Balance Sheet you prepared on your scratch paper?

-What is the amount shown for Total Long-term Assets shown on the Classified Balance Sheet you prepared on your scratch paper?

-What is the amount shown for Total Current Liabilities shown on the Classified Balance Sheet you prepared on your scratch paper?

-What is the amount shown for Total Stockholders' Equity shown on the Classified Balance Sheet you prepared on your scratch paper?