Exercise 9-18 (Algo) Preparing a balance sheet LO C1, P2, P3 Selected accounts from Lue Company's adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Total equity Equipment $31,500 41,500 Salaries payable Accounts receivable 35,500 8,300 Cash 55,100 Current portion of long-term debt 5,500 Notes payable (due in 6 years) 10,000 Employee federal income taxes payable Federal unemployment taxes payable PICA-Medicare taxes payable FICA-Social Security taxes payable Employee medical insurance payable State unemployment taxes payable Sales tax payable (due in 2 weeks) $ 10,300 210 560 4,200 3,500 3,200 430 LUE COMPANY Balance Sheet December 31 Assets Current assets Total current assets Plant assets Current assets Total current assets Plant assets Total assets LUE COMPANY Balance Sheet December 31 Assets Liabilities Current liabilities Brou Total assets Current liabilities Total current liabilities Long-term liabilities Total liabilities Total equity Total liabilities and equity Liabilities Equity