Requirement: Create a classified balance sheet using the information below

Southern Corporation
Adjusted Trial Balance
As of December 31, 2020
Account	Debit	Credit
Cash	$14,000
Accounts Receivable	3,400
Inventory	62,000
Equipment	47,000
Accumulated Depreciation-Equipment		$10,000
Goodwill	2,000
Accounts Payable		4,100
Salaries Payable		450
Bonds Payable (Due 2025)		4,000
Common Stock		12,000
Retained Earnings		55,250
Sales		47,000
Insurance Expense	2,600
Prepaid Insurance	800
Interest Expense	1,000
Total	$132,800	$132,800