QUESTION 4 20 points Save As Use the following Adjusted Trial Balance and Statement of Retained Earnings to prepare the CLASSIFIED BALANCE SHEET in good form for Weasley Inc. for December 31, 2016. (25 points) Weasley Incorporated Adjusted Trial Balance December 31, 2016 Account Title Balance Credit Debit $ 76,000 19,000 157,000 2,000 750,000 $ Cash Accounts Receivable Merchandise Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Note Payable (Long Term) Common Stock - $1 Par Value Paldin Capital in Excess of Par- Common Retained earnings Sales Revenue COGS Salaries Expense 50,000 44,000 12,000 208,000 200,000 100,000 80,000 642,000 228,000 85,000 750,000 $ 50,000 44,000 12,000 208,000 200.000 100,000 Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Note Payable (Long Term) Common Stock - $1 Par Value Paid in Capital in Excess of Par- Common Retained earnings Sales Revenue COGS Salaries Expense Depreciation Expense Equipment Advertising Expense Supplies Expense 80,000 642,000 228,000 85,000 10,000 7,600 1,400 Total $ 1,336,000 $ 1,336,000 Retained Earnings, January 1, 2016 Net Income for the Year 80,000 310,000 Dividends Retained Earnings, December 31, 2016 S 390.000