Problem # 1 (Balance Sheet Preparation) 50 points Presented below is the adjusted trial balance of De Young Corporation at December 31, 2017 Debits Credits Cash Office Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable, due 2019 Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 2,640 2,200 105,600 $ 8,800 2,090 22,000 1,100 4,400 9,800 22,000 55,000 22,000 19,800 3,080 2,640 1,980 Total Additional information: 1 Net loss for the year was $5,500 2. No dividends were declared during 2017 Instructions Prepare a classified balance sheet as of December 31, 2017