Question 3:(5 marks) The balances on December 31, 2017 are available for Denver Company: $2,550 Accounts payable 3,550 Accounts receivable 6,250 Accumulated depreciation Retained earnings, December 31, 2017 2,300 Cash $2.300 Cost of goods sold 2,500 Depreciation expense 8,800 Dividends declared 29,000 Equipment 10,700 Income tax expense 1,150 Interest expense 6,250 Inventory 11,500 Long-term notes payable Paid-in capital 4,450 Prepaid rent 350 Rent expense 4,000 Sales 118,600 31900 Wage expense Wages payable 3,000 Required Prepare a classified balance sheet at December 31, 2017 Page 6 of 9