M4-16 Reporting a Balance Sheet [LO 44 The Sky Blue Corporation has the following adjusted trial balance at December 31. Debit Credit Cash S 1.390 3.600 3,900 4,600 20,000 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 S 5,800 7,020 1.800 4,500 920 4,000 1,840 460 56,430 460 Salaries and Wages Expense24.800 Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense 2.900 5,820 3,000 7,600 4.500 Total 582.670 $82,570 Prepare a classified balance sheet at December 31. (Amounts to be deducted s by a minus sign.) SKY BLUE CORPORATION Balance Sheet