3 50.50 points M4-16 Reporting a Balance Sheet [LO 4-4 The Sky Blue Corporation has the following adjusted trial balance at December 31 s 1,330 3,000 Prepaid Insurance Noles Receivable (long-term)4,000 17,000 $4,600 6,420 1,500 3,900 Accounts Payable Salaries and Wages Payable Income Taxes Payable Unearned Revene Common Stock Retained Earmings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utiites Expense Insurance Expense Rant Expense Income Tax Expense 3,400 1,400 400 51,030 400 23,600 2.300 5,220 2,400 3,900 Total $73,450 $73,450 1. Prepare a classified balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign) Balance Sheet