Required:

Prepare a classified balance sheet at December $31.$

Are the Sky Blue Corporation's assets financed primarily by debt or equity?

Required $1$

Prepare a classified balance sheet at December $31.$

Note: Amounts to be deducted should be indicated by a minus sign.

Prepare a classified balance sheet at December $31.$

Note: Amounts to be deducted should be indicated by a minus sign.

SKY BLUE CORPORATION

Balance Sheet

For the Year Ended December $31$

$$