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4.75 pts (New Problem - not a continuation of the prior problem) Classified Balance Sheet - four (4) questions Instructions: Please prepare a Classified Balance

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4.75 pts (New Problem - not a continuation of the prior problem) Classified Balance Sheet - four (4) questions Instructions: Please prepare a Classified Balance Sheet on your scratch paper based on the following Partial Adjusted Trial Balance. Use this Classified Balance Sheet to answer this question and the next three (3) questions. You will need to know the 1.) Total Current Assets, 2.) Total Long- term Assets, 3.) Total Current Liabilities, and 4.) Total Stockholders' Equity to answer these four (4) questions. Question: Based on the Partial Trial Balance and Additional Info shown below, what is the amount of the Total Current Assets shown on the Classified Balance Sheet you prepared on your scratch paper? Adjusted Trial Balance December 31, 20xx Accounts Debit Credit Cash $25,181 Accounts Receivable 100,531 Inventory 40,000 Prepaid Rent 14,144 Equipment 25.000 Building 125.000 Accumulated Depreciation $ 50.000 Accounts Payable 25.181 Deferred Revenue 30,531 Current Portion Long-term Debt 5,000 Long-term Debt 50.144 Bonds Payable 50.000

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