Please use the adjusted year-end trial balance and additional

information provided below to complete a classified Statement of Financial

Position, in good form, for Black Corporation.

Black Corporation

Adjusted Trial Balance

December 31, 2022

Cash $59,500

Supplies 8,500

Machine 204,000

Accumulated depreciation, Machine $51,000

Accounts payable 12,750

Notes payable 34,000

Common shares 68,000

Retained earnings 21,250

Dividends declared 8,500

Service revenue 238,000

Depreciation expense 21,250

General and administrative expense 106,250

Income tax expense 17,000

Total $425,000

Additional Information

$8,500 Dividends were declared and paid during the year. Common shares were issued for $30,000 during the year. $14,000 of the note is due by December 31, 2023. Ending Retained earnings from the Statement of Changes in Equity = $106,250