foumall financial statements services is presented bel > Exercises ce for Burlington Advertising Services - E4-15 Preparing the financial state The adjusted trial balance for Bu RLINGTON ADVERTISING SERVICES Adjusted Trial Balance December 31, 2016 31 Credit Account Title $ Cash Accounts Receivable Office Supplies Furniture Balance Debit 14,100 14,200 6,200 19,200 $ 14,400 51,500 35,700 18,300 Accumulated Depreciation Furniture Building Accumulated Depreciation-Building Land Accounts Payable Salaries Payable Unearned Revenue Conway, Capital Conway, Withdrawals Service Revenue 10,200 7,400 17,500 69,000 20,100 40,100 Salaries Expense Supplies Expense Depreciation Expense-Furniture Depreciation Expense-Building Advertising Expense 28,000 8,600 500 2,600 11,000 $ 194,300 Total $ 194,300 Requirements Completing the Account Prepare the income statement for the year ending December 31, 2016 2. Prepare the statement of owner's equity for the year ending atement of owner's equity for the year ending December 31, 2016 ssume that there were no contributions made by the owner during the year 1. Prepare the classified balance sheet as of December 31, 2016. U ch E4-16 Classifying balance sheet accounts Bor each account listed, identify the category that it would appear on a classified balance per. Use the following categories: Current Assets, Long-term Investments, Plant Assets angible Assets, Current Liabilities, Long-term Liabilities, and Owner's Equity. If the item does not belong on the classified balance sheet, put an X Learning a. Land (used in operations) b. Accumulated Depreciation Equipment c. Teague, Capital d. Service Revenue e. Investment in Starbucks Corporation (to be held long-term) f. Accounts Receivable g. Equipment h. Buildings i. Notes Payable (due in 10 years) j. Unearned Revenue k. Cash 1. Accounts Payable m. Prepaid Rent n. Teague, Withdrawals o. Land (held for investment purposes) p. Depreciation Expense