Prepare a classified balance sheet for Martin Air Freight based on the adjusted trial balance shown below (10 points). Martin Air Freight Adjusted Trial Balance December 31 Credit Debit $18,200 34,200 2,100 25,000 45,000 $11,080 16,000 Cash................ Accounts receivable .... .. ILLE Supplies... .. ..... ******** Long-term investments Shipping equipment.............. Accumulated depreciation- Shipping Patent....................... Accounts payable ..... .... ............... ........ Wages payable ........................ . ..... Long-term notes payable ........................................... J. Martin, Capital ..... .... J. Martin, Withdrawals ..... Shipping fees earned ... Rent expense ...... Wages expense................... Supplies expense............. Depreciation expense- Shipping equipment Interest expense............................. Utilities expense.................... 16,200 4,120 20,000 40,400 15,000 145,000 8,000 62,000 2,500 4,050 1,000 3.750 $236,800 Totals............ $236,800 ****** *** * $2,000 of the long-term note payable is due during the next year. Balance Sheet