Required information The following information applies to the questions displayed below) The December 31, Year 1, adjusted trial balance for a company is presented below. Credit Debit $ 10,100 131,000 4,100 20,500 210,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $116,000 10,100 9.100 3,100 21,000 110,000 41,000 310,000 210,000 10,500 21,000 3.100 $620,300 $620,300 3. Prepare a classified balance sheet as of December 31, Year 1. (Amounts to be deducted should be indicated by a minus sign.) Balance Sheet December 31, Year 1 Assets Liabilities Current assets Current liabilities: Total current assets Total current liabilities Total abilities Long-term assets: Stockholders' Equity Total long-term assets Total assets Total stockholders' equity Total liabilities and stockholders' equity Required information (The following information applies to the questions displayed below) The December 31, Year 1, adjusted trial balance for a company is presented below. Credit Debit $ 10,100 131,000 4,100 20,500 210,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earning. Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $116,000 10,100 9,100 3,100 21,000 110,000 41,000 310,000 210,000 10,500 21,000 3,100 $620,300 $620,300 2. Prepare a statement of stockholders' equity for the year ended December 31, Year 1, assuming no common stock was issued during Year 1 Statement of Stockholders' Equity For the Year Ended December 31, Year 1 Common Stock Retained Earnings Total Stockholders' Equity Balance January 1 Less: Dividends Balance at December 31