4. Prepare a classified balance sheet. Prepare an income statement Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The trial balance as of December 31, 2021, appears below. December 31 is the company's fiscal year-end. Accounts Cash $ 10,300 Notes Payable (3 yr) $ 15,000 Accounts Receivable 9,500 Common Stock 63,000 Interest Receivable 2,000 Retained Earnings 19,700 Prepaid Rent 7,200 Rent Revenue 40,200 Land 78,000 Interest Revenue 2,000 Notes Receivable (2 yr) 20,000 Salaries Expense 14,500 Accounts Payable 5,700 Rent Expense 4,000 Salaries Payable 2,000 Supplies Expense 5,000 2,000 Utilities Expense Deferred Revenue 5,300 400 Income tax expense