Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) [The following information applies to the questions displayed below.] The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Casho Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Debit $ 11,000 Credit 140,000 5,000 25,000 300,000 $125,000 11,000 Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock 10,000 4,000 30,000 200,000 Retained Earnings 50,000 Service Revenue 400,000 Salaries Expense 300,000 Rent Expense 15,000 Depreciation Expense 30,000 Interest Expense Totals 4,000 $830,000 $830,000 Exercise 3-16A Part 3 3. Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minu FIGHTIN' BLUE HENS CORPORATION Balance Sheet December 31, 2021 Assets Current assets: Cash Liabilities Current liabilities: $ 11,000 Accounts Payable $ 11,000