Ivanhoe Management Services began business on January 1, 2022, with a capital investment of $110,700. The company manages condominiums for owners (Service Revenue) and rents space in its own office building (Rent Revenue). The trial balance and adjusted trial balance columns of the worksheet at the end of the first year are as follows. Ivanhoe Management Services Worksheet For the Year Ended December 31, 2022 Trial Balance Adjusted Trial Balance Dr. Cr. Dr. Cr. Cash 13,800 13.800 Accounts Receivable 28,100 28,100 Prepaid Insurance 3,684 2,456 Land 65,900 65,900 Buildings 129,900 129.900 Equipment 58,800 58,800 Accounts Payable 12.100 12.100 Unearned Rent Revenue 6,000 1,200 110.700 110,700 Mortgage Payable 154,184 154.184 Owner's Capital 21,700 21.700 Owner's Drawings 91,300 91,300 Service Revenue 29,000 33,800 Rent Revenue 41,800 41,800 Salaries and Wages Expense 20,600 20,600 Advertising Expense 19,000 19,000 Utilities Expense 403,284 403,284 Totals 1,228 Insurance Expense 6,800 Depreciation Expense 3,100 Accumulated Depreciation-Buildings 3.700 Accumulated Depreciation-Equipment 10,500 Interest Expense 10,500 Interest Payable 420584 420.584 Totals Prepare a classified balance sheet. (Note: $33,600 of the mortgage note payable is due for payment next year) (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) IVANHOE MANAGEMENT SERVICES Balance Sheet Assets $ $ Liabilities and Owner's Equity Liabilities and Owner's Equity Date Account Titles and Explanation Debit Credit Dec. 31 (Adjusting entry for insurance expense) Dec. 31 (Adjusting entry for depreciation expense) Dec. 31 (Adjusting entry for unearned rent revenue) Dec. 31