Given Data:

Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. create a classified balance sheet for the year-ended December 31, 2017. For the bank loan, $50,000 is due in 2018. For Notes receivable, $30,000 will be collected in 2018.

Account Title Debit Credit

Accounts payable $57,321

Accumulated depreciation, equipment 98,000

Accumulated depreciation, furniture 48,600

Bank loan 687,536

Cash $305,687

Equipment 450,300

Operating expenses 45,987

Furniture 160,000

Merchandise inventory 30,000

Natsuki Miyakawa, capital 32,241

Natsuki Miyakawa, withdrawal 25,000

Notes receivable 65,000

Revenue 125,689

Wages payable 32,587

Total $1,081,974 $1,081,974