Exercise 5-11 Presented below is the adjusted trial balance of Waterway Corporation at December 31, 2017 Debit Credit Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 1,560 1,360 48,360 4,360 1,310 10,360 860 2,360 9,360 10,360 25,360 10,360 9,360 1,760 1,560 1,260 Total Additional information: 1. Net loss for the year was $3,580 2. No divide nds were declared during 2017 Prepare a classified balance sheet as of December 31, 2017. (List Current Assets in order of liquidity.) WATERWAY CORPORATION Balance Sheet Assets