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Use the following information for the Exercises below. (Static)

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The following adjusted trial balance at December 31 of Wilson Trucking Company.

Account Title	Debit	Credit
Cash	$ 8,000
Accounts receivable	17,500
Office supplies	3,000
Trucks	172,000
Accumulated depreciationTrucks		$ 36,000
Land	85,000
Accounts payable		12,000
Interest payable		4,000
Long-term notes payable		58,000
Common stock		30,000
Retained earnings		140,000
Dividends	20,000
Trucking revenue		130,000
Depreciation expenseTrucks	23,500
Salaries expense	61,000
Office supplies expense	8,000
Interest expense	12,000
Totals	$ 410,000	$ 410,000

Exercise 3-22 (Static) Preparing a classified balance sheet LO C2

Prepare Wilson Trucking Companysclassifiedbalance sheet as of December 31. The Retained Earnings account balance was $140,000 at December 31 of theprior year.