Helen corporation's adjusted trial balance on December 31, 20x8 reflects the following amounts.

Requirement: Prepare a classified balance sheet for Helen Corporation

Credit $ 10,000 30,000 2,000 60,000 Accounts payable Debit - Accounts receivable Accumulated depreciation Equipment $18,000 - Administrative expenses Allowance for doubtful accounts 25,000 Cash 10,000 Common stock, $10 par Cost of goods sold 40,000 Dividends declared 5,000 Equipment 90,000 Gain from sale of land Inventory 14,000 60,000 Land Interest revenue Mortgage payable Rental revenue Retained earnings Sales 20,000 Selling expenses Unearned rent $282,000 Totals 6,000 4,000 43,000/ 12.000 20,000 80,000 $15,000 $282,000