The balances on December 31, 2022 are available for Engineering LLC: 1. Accounts payable $2,550 2....

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The balances on December 31, 2022 are available for Engineering LLC: 1. Accounts payable $2,550 2. Accounts receivable 3,550 6,250 3. Accumulated depreciation 4. Retained earnings, Dec. 31, 2021 6,450 5. Cash 2,300 52,300 6. Cost of goods sold 7. Depreciation expense 8. Dividends declared 9. Equipment 10. Income tax expense 11. Interest expense 12. Inventory 13. Long-term notes payable 14. Paid-in capital 15. Prepaid rent 16. Rent expense 17. Sales 18. Wage expense 19. Wages payable No 2,500 8,800 Required: For each account balance above show in the table below whether it should be treated in the income statement or on the balance sheet. State the reason for your classification. Calculate the total current assets. Number 5 is done for you as an example. (5 marks) Account title 29,000 10,700 1,150 6,250 11,500 4,450 350 4,000 120,000 41,900 3,000 Which Financial statement? Reason The balances on December 31, 2022 are available for Engineering LLC: 1. Accounts payable $2,550 2. Accounts receivable 3,550 6,250 3. Accumulated depreciation 4. Retained earnings, Dec. 31, 2021 6,450 5. Cash 2,300 52,300 6. Cost of goods sold 7. Depreciation expense 8. Dividends declared 9. Equipment 10. Income tax expense 11. Interest expense 12. Inventory 13. Long-term notes payable 14. Paid-in capital 15. Prepaid rent 16. Rent expense 17. Sales 18. Wage expense 19. Wages payable No 2,500 8,800 Required: For each account balance above show in the table below whether it should be treated in the income statement or on the balance sheet. State the reason for your classification. Calculate the total current assets. Number 5 is done for you as an example. (5 marks) Account title 29,000 10,700 1,150 6,250 11,500 4,450 350 4,000 120,000 41,900 3,000 Which Financial statement? Reason