An adjusted trial balance for Wan Industries Limited as at December 31,2011 follows.

Required:
Prepare a balance sheet for Wan Industries Limited as at December 31, 2011 with items classified as current or non-current items.

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Account (in alphabetical order) Accounts payable Accounts receivable Accumulated depreciation Advertising expense Cash Common stock Cost of goods sold Current portion of long-term loan payable Depreciation expense Dividends Equipment Income tax expense nterest expense Debit Credit 142,000 95,000 50,000 6,000 334,000 200,000 410,000 40,000 12,000 21,000 500,000 35,000 41,000 Interest payable 10,000 51,000 00,000 Inventory Long-term loan receivable Non-current portion of long-term loan payable Prepaid rent Rent expense Retained earnings Sales revenue Stationery Stationery expense Unearned revenue Wages expense Wages payable Total 360,000 25,000 75,000 385,000 800,000 5,000 14,000 23,000 91,000 15,000 2,025,000 2,025,000