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Given the following post-closing trial balance, prepare a classified balance sheet: The December 31, 2021, post-closing trial balance for Antarctica Corporation is presented below: Accounts

Given the following post-closing trial balance, prepare a classified balance sheet:

The December 31, 2021, post-closing trial balance for Antarctica Corporation is presented below:

Accounts

Debit

Credit

Cash

$

6,900

Accounts Receivable

2,700

Prepaid Insurance

5,500

Supplies

1,300

Long-Term Investments

7,000

Land

80,000

Buildings

200,000

Accumulated Depreciation

25,000

Accounts Payable

2,300

Notes Payable, due < 1 year

12,000

Notes Payable, due in 3 years

50,000

Interest Payable, due < 1 year

1,000

Common stock

150,000

Retained Earnings

63,100

Totals

$

303,400

$

303,400

Prepare a classified balance sheet for the company as of December 31, 2021.

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