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M Chapter 4 HW CIC ezto.m heducation.com/hm.tpx M4-16 Reporting a Balance Sheet LO 44] The Sky Blue Corporation has the following adjusted trial balance at December 31. $ 1,310 2,800 3,100 3,800 16,000 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Unearned Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense $ 4,200 6,220 1,400 3,700 760 3,200 1,320 380 380 23,200 2,100 5,020 2,200 6,800 3,700 Total S70,410 $70 410 1. Prepare a classified balance sheet at December 31 (Amounts to be deducted sho by a minus sign.) SKY BLUE CORPORATION Balance Sheet At December 31 Assets Current Assets Cash 31 ounts Receivable