Prepare a classified balance sheet that includes the correct balance for Cash. Prepaid insurance Prepaid rent Total current assets Property, plant, and equipment: Equipment Accumulated depreciation - equipment Book value - equipment Total property, plant, and equipment Total assets Liabilities Current liabilities: Accounts payable Salaries payable Unearned fees > Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $31,400 $108,000 27,960