PART B: Balance Sheet Presented below is the adjusted trial balance of Grouper Corporation at December 31, 2017. Debit Credit Cash Supplies $ ? 1,490 Prepaid Insurance 1,290 Equipment 48,290 Accumulated Depreciation-Equipment $ 4,290 Trademarks 1,240 Accounts Payable 10,290 Salaries and Wages Payable 790 Unearned Service Revenue 2,290 Bonds Payable (due 2024) 9,290 Common Stock 10,290 Retained Earnings 25,290 Service Revenue 10,290 Salaries and Wages Expense 9,290 Insurance Expense 1,690 Rent Expense 1,490 Interest Expense 1,190 Additional information: 1. Cash dividends of $3,000 declared and paid during 2017 are not reflected in the adjusted balance of Retained Earnings above. REQUIRED: Prepare a classified Balance Sheet for Grouper as of December 31, 2017 using the template provided on page 4. Use Illustration 5-16 from page 215 of your textbook as an outline. HINT: Complete the Balance Sheet for Grouper using the following three steps: 1. Determine the ending balance in Retained Earnings by closing all temporary accounts to Retained Earnings and adjusting for the payment of dividends. 2. Determine the ending balance in the Cash account by calculating Total Assets and subtracting the balances in the other asset accounts. 3. Prepare the classified Balance Sheet.