Required information Use the following information for Quick Studies below. [The following information applies to the questions displayed below.) The following is the adjusted trial balance of Sierra Company Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) H. Sierra, Capital H. Sierra, Withdrawals Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Debit Credit $ 41,000 2,300 7,600 110,000 $ 30,000 11,500 12,000 37,500 10,000 99,500 5,300 11,000 3,300 $ 190,500 $190,500 QS 4-11 Preparing a classified balance sheet LO C3 Use the information adjusted trial balance to prepare Sierra Company's classified balance sheet as of Decemb Next > Required information Balance Sheet December 31 Assets Current assets Cash 41,000 2,300 Prepaid insurance $ 43.300 Total current assets Long-term investments Notes receivable 7,600 Plant assets 110,000 Buildings Accumulated depreciation-Buildings Total assets Liabilities Current liabilities Accounts payable 110,000 160.900 $ 11.500 Long-term liabilities Notes payable 12.000 Total liabilities 23.500 Equity H Sierra, Capita 110.000 Total abilities and equity 133 59