Financial Statements Saved Required Information [The following information applies to the questions displayed below.] The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Debit $ 8,000 Credit 17,500 3,000 172,000 $ 36,000 85,000 12,000 Accounts payable Interest payable Long-term notes payable 4,000 58,000 Common stock 30,000 Retained earnings 140,00 Dividends 20,000 trucking revenue 130,000 Depreciation expense-trucks 23,500 Salaries expense 61,000 Office supplies expense 8,000 Interest expense 12,000 Totals $410,000 $410,000 Prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings account balance was $140,000 at December 31 of the prior year WILSON TRUCKING COMPANY Balance Sheet December 3 00 8 Part 2 of 2 eBook Hint IN Required information Balance Sheet December 21 Assets Total assets Liabilities Mc Graw Hill Total liabilities Tunn Total equity Total abilities and equity Equity