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Instructions: Please prepare a Classihed Balance Sheet on your scratch paper based on the following Partial Adjusted Trial Balance Use this Classified Balance Sheet to

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Instructions: Please prepare a Classihed Balance Sheet on your scratch paper based on the following Partial Adjusted Trial Balance Use this Classified Balance Sheet to answer this question and the next three (3) questions. You will need to know the 1.1 Total Current Assets. 2.Total Long-term Assets. 3) Total Current Liabilities, and 4) Total Stockholders Equity to answer these four (4) questions Question: Based on tive Partial Trial Balonce and Additional info showo below. What is the amount of the Total Current Assets shown on the Classified Balance Sheet you prepared on your scratch paper? Adjusted Trial Balance December 31, 20xx Accounts Debit Credit cash 525.172 Accounts Receivable 100.551 ventory 40.000 Prepaid Rent 14:40 Equipment 250 Building 125.000 Ited Depreciation $ 50.000 Accounts Payable 25.172 Del Revenue 30.551 current Pornog tem Debt 5.000 Long term Debu 50.140 Bonds Days 50.000 common stock 36.000 25 000 Joondands 10.000 200.17 Com of Good Sold an 9000 TOOD looprechallan troom 1000 Additional Information: Net Income After-taxes for the Accounting Period equaled $79,000 Beginning Balance of Common Stock on 1/1/20xx $25,000 Beginning Balance of Retained Earnings on 1/1/20xx $25,000 No new stock was issued during the accounting period

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