Preparing a Statement of Financial Position Sparrow Company had the following adjusted trial balance at December 31, 2018. Sparrow Company Adjusted Trial Balance December 31, 2018 Debit Credit Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation, Equipment Accounts Payable Salaries Payable Unearned Service Revenue Common Shares Retained Earnings Dividends Declared Service Revenue Salaries Expense Rent Expense Insurance Expense Depreciation Expense Income Tax Expense $3,450 5,650 4,480 42,000 $24,000 3,100 4,450 3,875 8,000 2,255 10,500 99,600 49,400 17,250 2,200 4,950 5,400 $145,280 Totals $145,280