M4-10 (Static) Reporting a Balance Sheet LO4-2 Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 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 $3,000 in cash (for a total at the end of the year of 800 shares). These effects are included below Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit $ 1,500 Cash Accounts receivable 2,200 Interest receivable 100 Prepaid insurance Long-term notes receivable Equipment Accumulated depreciation Accounts payable Dividends payable Accrued expenses payable Income taxes payable Unearned rent revenue 1,600 2,800 15,290 $ 3,000 2,400 600 3,920 2,700 500 Common Stock (800 shares) Additional paid-in capital Retained earnings 80 3,620 1,400 38,500 Sales revenue Interest revenue 100 800 Rent revenue 19,500 1,800 380 Wages expense Depreciation expense Utilities expense Insurance expense 750 Rent expense Income tax expense 9,000 2,700 57,620 $ 57,620 Total CATENA'S MARKETI NG COMPANY Balance Sheet Assets Current assets: Total current assets C $ 0 Total assets Liabilities Current liabilities: C Total assets Liabilities Current liabilities: C Total current liabilities Stockholders' equity Total stockholders' equity 0 Total liabilities and stockholders' equity C