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 $ 11,200 142,000 5,200 26,000 320,000 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 $127,000 11,200 10, 200 4,200 32,000 220,000 52,000 420,000 320,000 16,000 32,000 4,200 $876,600 $876,680 G 3 - Homework Saved Hel Required information Balance Sheet December 31, Year 1 Assets Current assets Liabilities Current liabilities Total current assets Total current liabilities Total liabilities Long-term assets Stockholders' Equity Total long-term assets Total assets Total stockholders' equity Total liabilities and stockholders' equity search o PP 3