(New Problem - not a continuation of the prior problem) Classified Balance Sheet - four (4) questions Instructions: Please prepare a Classified Balance Sheet on your scratch paper based on the following Partial Adjusted Trial Balance. Use this Classified Balance Sheet to answer this question and the next three (3) questions. Question: Based on the Partial Trial Balance and Additional Info shown below, what is the amount of the Total Current Assets shown on the Classified Balance Sheet you prepared on your scratch paper? Adjusted Trial Balance December 31, 20xx Accounts Debit Credit Cash $25,179 Accounts Receivable 50,559 100,000 Inventory Supplies 4,179 Equipment 50,000 150,000 Building Accumulated Depreciation Accounts Payable $ 50,000 25,179 25,559 10,000 Deferred Revenue Current Portion Long-term Debt Current Portion Long-term Debt 10,000 Long-term Debt Bonds Payable 50,179 75,000 25,000 Common Stock Treasury Stock Retained Earnings 50,000 Dividends 10,000 200,179 Service Revenue Cost of Goods Sold 75,179 5,000 20,000 5,000 Supplies Expense Rent Expense Utilities Expense Depreciation Expense Interest Expense Income Tax Expense 9,000 1,000 6,000 Additional Information: Net Income After-taxes for the Accounting Period equaled $79.000 Beginning Balance of Common Stock on 1/1/20xx $25,000 Beginning Balance of Retained Earnings on 1/1/20xx $50,000 No new stock was issued during the accounting period. Question 38 4.5 pts Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Long-term Assets shown on the Classified Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. For example, if you calculated the answer to be $24,123 you would only input: 24123 Webcourses will add commas to your answer. Question 39 4.5 pts Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Current Liabilities shown on the Classified Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. For example, if you calculated the answer to be $24,123 you would only input: 24123 Webcourses will add commas to your answer. Question 40 4.5 pts Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Stockholders' Equity shown on the Classified Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. For example, if you calculated the answer to be $24,123 you would only input: 24123 Webcourses will add commas to your
