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The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Accounts Debit Credit Cash $18,000 Accounts receivable 159.000 Prepaid rent

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The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Accounts Debit Credit Cash $18,000 Accounts receivable 159.000 Prepaid rent 9,000 Supplies 33,000 Equipment 390,000 Accumulated depreciation $126.000 Accounts payable 15,000 Salaries payable 3.400 Interest payable 1.800 Notes payable (due in two years) 20,000 Common stock 160,000 Retained earnings 172.800 Dividenda 27,000 Service revenue 490,000 Salaries expense 183.000 Advertising expense 72,000 Rent expense 14,000 Depreciation expense 39.000 Interest expenso 3.000 Utilities expense 42,000 Totals $ 989,000 $989.000 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 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: Total current labios Total liabilities Stockholders' Equity Total current assets Long-term assets: Total long-term assets Total assets Total stockholders' equity Total liabilities and stockholders' equity

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