Required information [The following information applies to the questions displayed below.] The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Debit Credit $ 8,000 17,500 3,000 172,000 $ 36,000 Land 85,000 Accounts payable 12,000 Interest payable 4,000 Long-term notes payable 58,000 K. Wilson, Capital 170,000 K. Wilson, Withdrawals 20,000 Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals 12,000 $ 410,000 $ 410,000 130,000 23,500 61,000 8,000 Prepare Wilson Trucking Company's classified balance sheet as of December 31. Current assets Cash Accounts receivable Office supplies WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Total current assets Plant assets Trucks Accumulated depreciation-Trucks Land Total plant assets Total assets Current liabilities Accounts payable Interest payable Total current liabilities Long-term notes payable $ 8,000 17,500 3,000 $ 28,500 $ 172,000 36,000 136,000 85,000 221,000 $ 249,500 Liabilities $ 12,000 4,000 16,000 58,000 Total liabilities 74,000 Equity K. Wilson, Capital 175,500 Total liabilities and equity $ 249,500