$2$

Part $1$ of $2$

Required information

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The following adjusted trial balance at December $31$ of Wilson Trucking Company.

$\backslash$table$[[,$Debit,Credit$],[$Cash$,$$$8,900,],[$Accounts receivable,$18,400,],[$Office supplies,$3,900,],[$Trucks$,181,000,],[$Accumulated depreciation$-$Trucks,,$$36,900],[$Land$,94,000,],[$Accounts payable,,$14,700],[$Interest payable,,$4,900],[$Long$-$term notes payable,,$62,500],[$K$.$ Wilson, Capital,,$179,000],[$K$.$ Wilson, Withdrawals,$20,900,],[$Trucking revenue,$24,400,139,000],[$Depreciation expense$-$Trucks,$63,700,],[$Salaries expense,$8,900,],[$Office supplies expense,$12,900,],[$Interest expense,$$437,000,$$$437,000],[$Totals$,,]]$

Prepare Wilson Trucking Company's classified balance sheet as of December $31.$

$\backslash$table$[[$WILSON TRUCKING COMPANY$],[$Balance Sheet$],[$December $31],[$Assets$],[$Current assets$],[$Cash$,,$$$,8,900],[$Accounts receivable,,,$18,400],[$Office supplies,,,$3,900],[,,,],[,,,],[$Total current assets,,$$,31,200],[$Plant assets$],[$Trucks$,$$$,181,000,,],[$Accumulated depreciation$-$Trucks,$(36,900),,144,100],[$Total plant assets,,,$144,100],[$Total assets,,$$,175,300],[$Liabilities$],[$Current liabilities$],[$Accounts payable,,$$,14,700],[$Interest payable,,,$4,900],[7,,,],[$F$,,,],[$Total current liabilities,,,$19,600],[$Long$-$term liabilities$],[$Long$-$term notes payable,,,$62,500],[,,,],[,,,],[$Total liabilities,,,$82,100],[$Equity$],[,,,183,000],[$K$.$ Wilson, Withdrawals,,,$(21,300)],[$Income summary,,,$30,700],[$Total liabilities and equity,,$$,274,500]]$