Required information [The following information applies to the questions displayed below.) The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. 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 Debit 11,900 Credit 149,000 5,900 29,500 390,000 $ 134,000 11,900 10,900 4,900 39,000 290,000 59,000 Service Revenue 490,000 Salaries Expense 390,000 Rent Expense 19,500 Depreciation Expense. 39,000 Interest Expense 4,900 Totals $1,039,700. $1,039,700 3. Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Answer is complete but not entirely correct. FIGHTIN' BLUE HENS CORPORATION Balance Sheet December 31, 2021 Assets Current assets: Cash Liabilities Current liabilities: 11,900 Accounts Payable 11,900 9 < Prev of 3 E Next > Retained Earnings Service Revenue 59,000 490,000 Salaries Expense 390,000 Rent Expense 19,500 Depreciation Expense 39,000 Interest Expense 4,900 Totals $1,039,700 $1,039,700 3. Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Answer is complete but not entirely correct. FIGHTIN' BLUE HENS CORPORATION Balance Sheet December 31, 2021 Assets. Current assets: Current liabilities: Cash $ 11,900 Accounts Payable Accounts Receivable: 149,000 Salaries Payable Supplies 29,500 Interest Payable Prepaid Renti 0 5,900 Total current assets 196,300 Total current liabilities Notes Payable Total liabilities Liabilities S 11,900 ( 10,900 4,900 27,700 39,000 66,700 Long-term assets: Stockholders' Equity Equipment $ 390,000 Accumulated Depreciation 39,000 Common Stock Retained Earnings 290,000 83,000 Total long-term assets) 429,000 Total stockholders' equity 373,000 Total assets $ 625,300 Total liabilities and stockholders' equity $ 439,700