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2. Below is the trial balance for Chase Company as of December 31, 2019, the end of their first year of operations. Debit Credit $46,000

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2. Below is the trial balance for Chase Company as of December 31, 2019, the end of their first year of operations. Debit Credit $46,000 118,000 14,000 13,000 150,000 90,000 25,000 42,000 Cash Inventory Supplies Prepaid advertising Land Buildings Accumulated depreciation - buildings Equipment Accumulated depreciation - equipment Interest payable Taxes payable Notes payable (due in 6 months) Bonds payable Common stock Dividends declared Revenue Cost of goods sold Salary expense Utilities expense Advertising expense Depreciation expense - Building and equipment Interest expense 20,000 13,000 15,000 48,000 102,000 152,000 62,000 357,000 87,000 47,000 13,000 14,000 20,000 16,000 $732,000 $732,000 Required: Prepare a classified balance sheet in good form

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