Exercise 9-18 (Static) 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 Salaries payable Accounts receivable $30,000 Employee federal income taxes payable 40,000 34,000 Federal unemployment taxes payable FICA-Medicare taxes payable" 5,100 50,000 Current portion of long-term debt Notes payable (due in 6 years) Cash FICA-Social Security taxes payable Employee medical insurance payable 4,000 State unemployment taxes payable 10,000 Sales tax payable (due in 2 weeks) $ 9,000 200 725 3,100 2,000 1,800 275 Current assets Total current assets Plant assets LUE COMPANY Balance Sheet December 31 Assets 0 Total assets $ 0 Liabilities Current liabilities Current assets Total current assets Plant assets 0 Total assets $ 0 Liabilities Current liabilities Total current liabilities Long-term liabilities Total liabilities Total equity Total liabilities and equity Equity $ 0 0