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I need a detailed answer plz Required information [The following information applies to the questions displayed below.) The following is the adjusted trial balance of

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Required information [The following information applies to the questions displayed below.) The following is the adjusted trial balance of Sierra Company. Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Common stock Retained earnings Dividends Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Debit Credit $15,000 1,000 5,000 45,000 $17,000 5,000 5,500 7,500 10,500 3,500 34,500 4,000 4,500 2,000 $80,000 $80,000 Use the information adjusted trial balance to prepare Sierra Company's classified balance sheet SIERRA COMPANY Balance Sheet December 31 Required information SIERRA COMPANY Balance Sheet December 31 Total current assets Total assets Total liabilities

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