4.The calendar year-end adjusted trial balance for Bellinger Co., Inc. follows:

Bellinger., Inc.

Adjusted Trial Balance

December 31

Cash

$112,000

Accounts receivable

27,000

Prepaid insurance

15,000

Prepaid rent

8,000

Office supplies

4,300

Office equipment

38,000

Accumulated depreciationEquipment

$3,200

Building

288,000

Accumulated depreciationBuilding

42,000

Land

700,000

Accounts payable

25,800

Salaries payable

15,000

Taxes payable

2,000

Long-term note payable

72,000

Common stock

1,000

Retained earnings

909,000

Dividends

200,500

Service fees earned

430,800

Salaries expense

90,000

Insurance expense

5,200

Rent expense

5,000

Depreciation expenseEquipment

800

Depreciation expenseBuilding

7,000

Totals

$1,500,800

$1,500,800

(a) Prepare a classified balance sheet on the next page. (Note: A $9,000 installment on the long-term note payable is due within one year.)Make sure your balance sheet is in proper format and includes all required headings, subtotals, classifications, etc. See the textbook for an example of a classified balance sheet. Hints: Total assets (and total liabilities and equity) should be $1,147,100. You will have to calculate ending retained earnings. You may want to prepare an income statement and statement of retained earnings to help you calculate ending retained earnings that is reported as part of equity.