Exercise 3-58 Preparing a Balance Sheet Oxmoor Corporation prepared the following adjusted trial balance. Credit Oxmoor Corporation Adjusted Trial Balance December 31, 2019 Account Debit Cash $13,300 Accounts Receivable 6,700 Prepaid Rent 54,000 Inventory 481,400 Long-Term Investment 110,900 Equipment 88,000 Accumulated Depreciation Accounts Payable Interest Payable Note Payable (short-term) Bonds Payable Common Stock Retained Earnings, 1/1/2019 Dividends 50,000 Sales Revenue Cost of Goods Sold 277,000 Wages Expense 98,250 Rent Expense 50,000 Depreciation Expense 29,000 Interest Expense 2,700 Income Taxes Expense 38,085 Totals $1,299,335 $23,700 111,700 4,400 50,000 180,000 300,000 45,635 583,900 $1,299,335 Prepare a classified balance sheet for Oxmoor at December 31, 2019. Oxmoor Corporation Balance Sheet December 31, 2019 Assets Current assets: Total current assets Long-term investments: Property, plant, and equipment: Total assets Liabilities Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity