Debit Credit Cash 10, 800 Accounts receivable 153, 000 Prepaid rent 5, 300 Inventory 28,000 Equipment 330,000 Accumulated depreciation equipment 128,000 Accounts payable 33,000 Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense 33,000 4,300 10, 600 215,000 56, 600 9, 300 430,000 195, 000 123,000 18, 000 33,000 2, 300 Interest expense Advertising expense Totals Required: 2, 800 910, 500 910, 500 Prepare a classified balance sheet for China Tea Company as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) CHINA TEA COMPANY Balance Sheet At December 31, 2021 Assets Total assets Liabilities and Shareholders' Equity Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity