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 Debit Credit Cach $ 12.000 Accounts Receivable 150.000 Prepaid Rent 6.000 Supplies 30.000 Equsprent 400.000 Accumulated Depreciation $ 135.000 Accounts Payable 12.000 Salaries Payable 11.000 Interest Payable 5.000 Notes Payable (due in two years) 40,000 Connon Stock 300.000 Retained Earnings 60.000 Service Revenue 500.000 Salaries Expense 400,000 Rent Expense 20,000 Depreciation Expense 40.000 Interest Expense 5.000 Totale $1.063.000 $1.063.000 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 minus sign.) FIGHTIN' BLUE HENS CORPORATION Balance Sheet December 31, 2021 Assets Liabilities Current assets Cash Accounts Receivable Prepaid Rent Supplies $ Current liabilities 12,000 Accounts Payable 150,000 Salaries Payable 6.000 Interest Payable 30.000 12,000 11,000 5.000 Total current assets 198,000 Total current liabilities Notes Payable 20.000 Total liabilities 28.000 Stockholders' Equity Long-term anses Equipment Accumulated Depreciation S 400 000 (135.000) Common Stock Retained Earnings 300.000 95 000 Total long term assets Total assets 265.000 163.000 Total stockholders equity Total liabilities and stockholders' equity 395.000 423,000 5