Exercise 4-16 Preparing a classified balance sheet LO6 CHECK FIGURE: Total assets = $444,700 Use the following adjusted trial balance of Hanson Trucking Company to prepare a classified balance sheet as of December 31, 2020. Account Title Debit Cash .................................................................................. $ 13,000 Accounts receivable ..................................................... Office supplies ............................................................... 29,600 3,100 Trucks ............................................................................... 170,000 Accumulated depreciation, trucks ............................ Land .................................................................................. 275,000 Accounts payable.......................................................... Interest payable ............................................................. Long-term notes payable (due in 4 years) .............. Stanley Hanson, capital ............................................... Stanley Hanson, withdrawals ..................................... Trucking revenue........................................................... Depreciation expense, trucks .................................... Salaries expense ........................................................... Office supplies expense .............................................. Repairs expense, trucks .............................................. 19,000 168,000 22,500 58,000 6,500 6,900 Total................................................................................... $603,600 $603,600