Northern construction has the following adjusted trial balance with accounts list in alphabetical order. Prepare a classified balance sheet of the year ended December 31, 2021. For the bank loan $50000 is due in 2022. For notes receivable $30000 will be collected in 2022.

Debit Credit $30,000 80,000 37,500 400,000 Account Title Accounts Payable Accumulated depreciation, equipment Accumulated depreciation, furniture Bank loan Cash Equipment Operating expenses Furniture Merchandise inventory Northern, capital Northern, withdrawal Notes receivable Revenue Wages payable $100,000 300,000 30,000 100,000 25,000 27,500 5,000 85,000 50,000 20,000 Total $645,000 $645,000