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Required information [The following information applies to the questions displayed below) The general ledger of Jackrabbit Rentals at January 1, 2021, Includes the following account balances: Credits Debits 5 45,500 29,700 114,800 Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals 15,700 34,000 104, eee 36,300 $190,000 $190,000 The following is a summary of the transactions for the year 1. January 12 Provide services to customers on account, $66,400. 2. February 25 Provide services to customers for cash, $77, 300. 3. March 19 Collect on accounts receivable, $46,100. 4. April 30 Issue shares of common stock in exchange for $34,000 cash. 5. June 16 Purchase supplies on account, $12,900. 6. July 7 Pay on accounts payable, $11,700. 7. September 30 Pay salaries for employee work in the current year, $68,200. 8. November 22 Pay advertising for the current year, $22,900 9. December 30 pay $3,300 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $2,900 and will be paid January 1, 2022 Accrued salaries at year-end amounted to $1,900 and will be paid on January 5, 2022 Supplies remaining on hand at the end of the year equal $2.700 8-b. Prepare a classified balance sheet for the year ended December 31, 2021 Answer is not complete. JACKRABBIT RENTALS Balance Sheet December 31, 2021 Assets Liabilities Cash Accounts Receivable Supplies 96,800 50,000 2,700 Salaries Payable Accounts Payable Interest Payable 1,900 16,900 2,900 Total Current Assets 149,500 Total Current Liabilities 21.700 21700 Total liabilities Stockholders' Equity Common Stock Retained Earnings Land 114,800 138,000 Total Stockholder's Equity Total Liabilities and Stockholders' Equity 138,000 159,700 Total Assets $ 264,300 $