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Liabilities Current liabilities: Total current liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity Liabilities Current liabilities: Total current liabilities Stockholders' equity Total
Liabilities Current liabilities: Total current liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity Liabilities Current liabilities: Total current liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $640 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,160 in cash (for a total at the end of the year of 880 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year Cash Debit $1,540 Credit Accounts receivable 2,280 Interest receivable 116 Prepaid insurance 1,680 Long-term notes receivable 3,200 Equipment 16,090 Accumulated depreciation $3,160 Accounts payable 2,560 Dividends payable 640 Accrued expenses payable 4,000 Income taxes payable 1,776 Unearned rent revenue 540 Common Stock (880 shares) 88 Additional paid-in capital 3,700 Retained earnings 1,560 Sales revenue 40,340 Rent revenue 840 Interest revenue 116 Wages expense 20,300 Depreciation expense 1,960 Utilities expense 412 Insurance expense 822 Rent expense 9,160 Income tax expense 1,760 Total $59,320 $59,320 Prenare a classified balance sheet for the end of the current year
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