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Below is the adjusted trial balance for Student Industries as of December 31, 2020. Debit Credit Cash 80,000 Accounts Receivable 112,500 Inventory 87,500 Notes

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Below is the adjusted trial balance for Student Industries as of December 31, 2020. Debit Credit Cash 80,000 Accounts Receivable 112,500 Inventory 87,500 Notes Receivable 100,000 Buildings 387,500 Accumulated Depreciation- 50,000 Buildings Accounts Payable Bonds Payable 30,000 125,000 335,000 - 110,000 Common Stock Retained Earnings Dividends Sales Revenue Interest Revenue Cost of Goods Sold Operating Expenses Interest Expense 75,000 775,000 - 5,000 470,000 105,000 12,500 Total 1,430,000 1,430,000 Use this information to prepare the liabilities and equity portion of a classified balance sheet in good form in the space below.

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