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The adjusted trial balance for China Tea Company.' at December 31. 2021, is presented below: 17 Accounts Debit Credit Cash $ 11,6 Accounts receivable 150,0 Prepaid rent 5,000 Supplies 25,00 Equipment 300,000 Accumulated depreciation $135,00 Accounts payable 20,00D Salaries payable 4,00 Interest payable 1,00D Notes payable [due in two years] 3, Common stock ZD,DD Retained earnings 5, Dividends 20,000 Service revenue 400.00 Salaries expense lS, Advertising expense T, Rent expense 15,6 Depreciation expense 30,0 Interest expense 2,00D Utilities expense 32,0 Totals $340,0U $H4, Prepare a classified balance sheet for China Tea Company as of December 31, 2021. (Amounts to be deducted should be indicated 17 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 Total current assets Stockholders' Equity: Long-term assets Total lana farm aseats Total stockholders' annituTotal long-term assets Total stockholders' equity Total assets Total liabilities and stockholders' equity18 The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Accounts Debit Credit Cash $ 11, 000 Accounts receivable 150,000 Prepaid rent 5,000 Supplies 25,000 Equipment 300,000 Accumulated depreciation $135, 000 Accounts payable 20,000 Salaries payable 4,000 Interest payable 1, 000 Notes payable (due in two years) 30,000 Common stock 200,000 Retained earnings 50,000 Dividends 20,000 Service revenue 400,000 Salaries expense 180,000 Advertising expense 70,000 Rent expense 15,000 Depreciation expense 30,000 Interest expense 2,000 Utilities expense 32,000 Totals $840, 000 $840, 000Prepare an income statement for China Tea Company for the year ended December 31, 2021: CHINA TEA COMPANY Income Statement For the Year Ended December 31, 2021 Total Expenses