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Cash $19,000 Accounts receivable Prepaid rent 168,000 5,800 Supplies 29,000 Equipment 340,000 Accumulated depreciation $133,000 Accounts payable salaries payable 12,000 3,300 Interest payable 2,000 Notes

Cash $19,000 Accounts receivable Prepaid rent 168,000 5,800 Supplies 29,000 Equipment 340,000 Accumulated depreciation $133,000 Accounts payable salaries payable 12,000 3,300 Interest payable 2,000 Notes payable (due in two years) 28,000 Common stock Retained earnings 180,000 88,900 Dividends 21,000 Service revenue Salaries expense 183, eee Advertising expense 77,000 16,000 Rent expense Depreciation expense 33,000 Interest expense utilities expense 2,700 41,000 Totals $939,700 $939,700 please Prepare a classified balance sheet for China Tea Company as of December 31 ( amounts to be deducted should be indicated with a minus sign.)

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