ok ences Exercise 9-18 (Algo) Preparing a balance sheet LO C1, P2, P3 Selected accounts from Lue Company's adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Total equity Equipment Salaries payable Accounts receivable Cash Current portion of long-term debt Notes payable (due in 6 years) Current assets Total current assets Plant assets Total assets LUE COMPANY Balance Sheet December 31 Assets Liabilities $ 30,100 40, 100 34, 100 5,300 50,300 4,100 10,000 Employee federal income taxes payable Federal unemployment taxes payable FICA-Medicare taxes payable FICA-Social Security taxes payable Employee medical insurance payable State unemployment taxes payable Sales tax payable (due in 2 weeks) $ 9,100 300 720 3,100 2,100 1,800 280

Selected accounts from Lue Company's adjusted trial balance for the year ended December 31 follow. Prepare a classifled balance sheet Use the information above to calculate cash flows from operating activities using the indirect method. Note: Amounts to be deducted should be indlcated by a minus sign