TB Ex Qu. 3-241 The adjusted trial balance for China Tea... The adjusted trial balance for China Tea Company at December 31, 2021, is presented below. 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 Dividends Service revenue Salaries expense Advertising expense Rent expense Depreciation expense Interest expense Utilities expense Totals Debit Credit $15,000 168,000 10,000 34,000 300,000 $129,000 12,000 3,200 1,000 20,000 150,000 134,400 20,000 450, eee 189,000 74,800 11,800 35,000 2,600 41,800 $ 899,680 $899,600 Prepare a classified balance sheet for China Tea Company as of December 31, 2021. (Amounts to be deducted should be indicated with a minus sign.) CHINA TEA COMPANY Balance Sheet As of December 31, 2021 Assets Liabilities and Stockholders' Equity Current assets: Current abilities: Interest expense Utilities expense Totals 2,600 41,000 $ 899,600 $899,600 Prepare a classified balance sheet for China Tea Company as of December 31, 2021. (Amounts to be deducted should be indicated with a minus sign.) CHINA TEA COMPANY Balance Sheet As of December 31, 2021 Assets Liabilities and Stockholders' Equity Current assets: Current liabilities: Total current liabilities Total liabilities Stockholders' Equity: Total current assets Long-term assets: Total long-term assets Total assets Total stockholders' equity Total liabilities and stockholders' equity