Current Attempt in Progress Classify each of the following accounts taken from Faust Company's balance sheet. Accounts payable Accounts receivable Cash L. Dawn, capital Patents Salaries payable Merchandise inventory Short-term investments to be sold in 7 months) Accumulated depreciation equipment Buildings Land in use) Notes payable due in 2 years) Supplies Equipment Prepaid expenses Question 2 of 4 SUNLAND COMPANY Adjusted Trial Balance December 31, 2021 Debit Credit Cash $ 3,800 Accounts receivable 4,300 Prepaid expenses 2,600 Equipment 50,000 $ 18,750 Accumulated depreciation-equipment 5,200 Accounts payable 9,300 Onearned revenue 22.600 Misunland, capital 16.000 M.Sunland drawings 62.200 Service revenue 8.800 Rent expense 24400 Salaries expense 1.900 Supplies expense 6.250 Depreciation expense S 118050 $ 118,050 Prepare an income statement for the vean Mr. Sunland invested $ 5.300 cash in the business during the year. (Enter negative amounts using either a negative sign preceding the number eg, -45 or parentheses eg.(45)) SUNLAND COMPANY Income Statement e.g. 1491. SUNLAND COMPANY Income Statement $ S $ e Textbook and Media Prepare a statement of ownerts equity for the year. Mr. Sunland invested 5 5 300 cash in the business during the year. (List items that increase owner's equity first.) 3 OT 4 -15 Prepare a statement of owner's equity for the year. Mr. Sunland invested S 5,300 cash in the business during the year. (List items that increase owner's equity first.) SUNLAND COMPANY Statement of Owner's Equity v $ e Textbook and Media Prepare a classified balance sheet at December 31, 2021. (List Current Assets in order of liquidity.) CONADIY stion 3 of 4 - 15 Prepare a classified balance sheet at December 31, 2021. (List Current Assets in order of liquidity.) SUNLAND COMPANY Balance Sheet Assets > $