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Presented below is the adjusted trial balance of Crane Corporation at December 31, 2020. Debit Credit Cash $ ? Supplies 1,300 Prepaid Insurance 1,100 Equipment

Presented below is the adjusted trial balance of Crane Corporation at December 31, 2020.

Debit

Credit

Cash

$ ?

Supplies

1,300

Prepaid Insurance

1,100

Equipment

48,100

Accumulated Depreciation-Equipment

$ 4,100

Trademarks

1,050

Accounts Payable

10,100

Salaries and Wages Payable

600

Unearned Service Revenue

2,100

Bonds Payable (due 2027)

9,100

Common Stock

10,100

Retained Earnings

25,100

Service Revenue

10,100

Salaries and Wages Expense

9,100

Insurance Expense

1,500

Rent Expense

1,300

Interest Expense

1,000

Total

$ ? $ ?

Additional information:

1. Net loss for the year was $2,800.
2. No dividends were declared during 2020.

Prepare a classified balance sheet as of December 31, 2020

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