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On December 1 , 2 0 2 5 , Sandhill Distributing Company had the following account balances.DebitCash$ 7 , 1 0 0 Accounts Receivable 4

On December 1,2025, Sandhill Distributing Company had the following account balances.DebitCash$7,100Accounts Receivable4,500Inventory11,900Supplies1,200Equipment22,000-$46700Credit Accumulated Depreciation-Equipment$2,200Accounts Payable4,400Salaries and Wages Payable1,000Common Stock15,000Retained Earnings24,100$46,700During December, the company completed the following summary transactions.Dec. 6Paid $1,600 for salaries due employees, of which $600 is for December and $1,000 is for November salaries payable.8Received $1,900 cash from customers in payment of account (no discount allowed).10Sold merchandise for cash $6,200. The cost of the merchandise sold was $4,300.13Purchased merchandise on account from Hecht Co. $7,800, terms 2/10, n/30.15Purchased supplies for cash $2,000.18Sold merchandise on account $11,700, terms 3/10, n/30. The cost of the merchandise sold was $7,700.20Paid salaries $1,900.23Paid Hecht Co. in full, less discount.27 Received collections in full, less discounts, from customers billed on December 18.Adjustment data:1. Accrued salaries payable $900.2. Depreciation $200 per month.3. Supplies on hand $1,500.4. Income tax due and unpaid at December 31 is $100.Prepare a classified balance sheet at December 31.(List Current Assets In order of liquidity.)

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