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 $ 10,400 134,000 4,400 22,000 240,000 Accounts Canh 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 $119,000 10,400 9.400 3,400 24,000 140,000 44,000 340,000 240,000 12,000 24,000 3,400 $ 690,200 $690,200 3. Prepare a classified balance sheet as of December 31, Year 1. (Amounts to be deducted should be indicated by a minus sign.) 3. Prepare a classified balance sheet as of December 31, Year 1. (Amounts to be deducted should be indicated by a min Balance Sheet December 31, Year 1 Assets Liabilities Current assets: Current liabilities: Total current assets 0 Total current liabilities 0 Total liabilities 0 Long-term assets: Stockholders' Equity Total long-term assets Total assets 0 0 Total stockholders' equity Total liabilities and stockholders' equity $ $