Problem 4-03A (Part Level Submission) The Blossom Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. BLOSSOM HOTEL Trial Balance May 31, 2022 Credit Debit $ 2,283 2,600 1,800 14,783 72,400 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense $ 4,483 3,300 38,400 59,783 9,000 3,000 800 500 $114,966 $114,966 Other data: 1. Insurance expires at the rate of $360 per month. 2. A count of supplies shows $1,050 of unused supplies on May 31. 3. (a) Annual depreciation is $2,760 on the building. (b) Annual depreciation is $2,160 on equipment. 4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2,580 has been earned. 6. Salaries of $810 are accrued and unpaid at May 31. (d3) Prepare a classified balance sheet at May 31. (List current assets in order of liquidity. List Property, Plant and Equipment in or BLOSSOM HOTEL Balance Sheet May 31, 2022 Assets Current Assets Cash 2283 $ Supplies 1050 Prepaid Insurance 1440 Total Current Assets 4773 $ Property, Plant and Equipment Land 14783 Buildings 72400 $ Less -2760 69640 Accumulated Depreciation-Buildings Equipment 16800 Less -2160 14640 Accumulated Depreciation-Equipment Total Assets $ 103836 Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity $ ta