M4-16 Reporting a Balance Sheet LO 4-4] The Sky Blue Corporation has the following adjusted trial balance at December 31. $ 1,370 3,400 3,700 4,400 19,000 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Unearned Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense $ 5,400 6,820 1,700 4,300 880 3,800 1,560 440 54,630 440 24,400 2,700 5,620 2.800 7,400 4,300 Total $79,530 $79,530 1. Prepare a classified balance sheet at December 31. (Amounts to be deducted shou by a minus sign.) SKY BLUE CORPORATION Balance Sheet