Required Information

$[$The following information apples to the questions displayed below.$]$

The Sky Blue Corporation has the following adjusted trial balance at December $31.$

Prepore o classified bolance sheet ot December $31.$

$2$ Are the Sky Blue Corporation's assets finonced primerily by debt or equity?

Prepare a classified balance sheet at December $31.($Antounts to be deduated should be indic

Required:

Prepore classified balance sheet at December $31.$

$2$ Are the Sky Blue Corporation's assets finenced primarily by debt or equity?

Required $1$

Are the Sky Blue Corporation's assets financed primarily by debt or equity?