An alphabetical list of Pharoahs Company adjusted accounts at its fiscal year end, August 31, 2021, follows. All accounts have normal balances. $15.580 $42,000 Accounts payable Accumulated depreciation-equipment Notes payable Prepaid insurance 14,000 575 Accumulated depreciation-furniture 17,500 R. Smistad, capital 65,750 Cash 25,600 R. Smistad, drawings 78,000 271,700 Rent expense 24,700 Cost of goods sold Depreciation expense 7,100 Salaries expense 50,600 Equipment 35,000 Salaries payable 2,250 Furniture 42.000 Sales 475,000 Insurance expense 3,575 Sales returns and allowances 16,300 Interest expense 2.140 Supplies 950 Interest payable 535 Supplies expense 6,325 Merchandise inventory 70.650 Unearned revenue 2,600 Additional information: 1. Of the notes payable, $6,900 becomes due on February 17, 2022. The balance is due in 2023. 2. On July 18, 2021, R. Smistad invested $4,500 cash in the business. Prepare a classified balance sheet. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Equipment and Furniture.) PHAROAH COMPANY Balance Sheet Assets > > > $ e Textbook and Media