Problem II: The following is a post-closing trial balance for the Sepia Paint Corporation at December 31,2021 , the end of the company's fiscal year: The compary intends to hold the $50,000 investment in equity securities of other corport: tions for at least three yrars. The $100.000 note payable is an installenent loan $10,000 of the principal, plas iaterest, is due on cach July 1 for tben next 10 years. At the mi of the year, 100,000 sharen of common stoek were issued and outstaidinf. The counpany has 5000000 ahates of common stock anthotized. Required: Prepare a classified balance abeet for the Sepia Paint Corperaticin at December 31, 2021