Exercise 2 The following is a post-closing trial balance for the Shennendoah Milling Company: Account Title Debits Credits Cash 16,000 Short-term investments 7.000 Accounts receivable 48,000 Inventories 80,000 Prepaid insurance 3.000 Equipment 265,000 Patent (net of amortization) 30,000 Allowance for uncollectible accounts 4,000 Accumulated depreciation - equipment 145,000 Accounts payable 70,000 Interest payable 5.000 Note payable (due in five years) 100,000 Common stock 100,000 Retained earnings 25.000 Totals 449.000 449.000 Required: Prepare a classified balance sheet for the Shennendoah Milling Company at December 31, 2018