Required: Prepare a classified balance sheet for Spotlighter, Incorporated, as of January 31. Answer is complete...

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Required: Prepare a classified balance sheet for Spotlighter, Incorporated, as of January 31. Answer is complete but not entirely correct. SPOTLIGHTER INCORPORATED Balance Sheet At January 31 Assets Liabilities Current Assets Current Liabilities Cash Supplies Total Current Assets Equipment Total Assets $ 9,970 Notes Payable (short-term) 2,900 Accounts Payable $ 3,1401 1,650 12,870 Total Current Liabilities 0 4,790 Stockholders' Equity 2,900 Common Stock 6,530 $ 15,770 Total Liabilities and Stockholders' Equity $ 11,320 Required: Prepare a classified balance sheet for Spotlighter, Incorporated, as of January 31. Answer is complete but not entirely correct. SPOTLIGHTER INCORPORATED Balance Sheet At January 31 Assets Liabilities Current Assets Current Liabilities Cash Supplies Total Current Assets Equipment Total Assets $ 9,970 Notes Payable (short-term) 2,900 Accounts Payable $ 3,1401 1,650 12,870 Total Current Liabilities 0 4,790 Stockholders' Equity 2,900 Common Stock 6,530 $ 15,770 Total Liabilities and Stockholders' Equity $ 11,320