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 Debit $17,000 Credit 156,000 9,000 27,000 360,000 $127,000 19,000 3,300 1,800 20,000 170,000 Retained earnings 1:0,000 Dividends 27,000 Service revenue 500,000 Salaries expense 186,000 Advertising expense 79,000 Bent expense 15,000 Depreciation expense 34,000 Interest expense 2,100 39,900 Utilities expense Totals 5951,100 5951,100 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.) 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 Current assets: Cash Accounts receivable Supplies Prepaid rent Liabilities and Stockholders' Equity Current liabilities: $ 17,000 Accounts payable $ 19,000 156,000 Salaries payable 3,300 27,000 Interest payable 1,800 9,000 Total current liabilities Notes payable $ 24,100 20,000 Total liabilities 44,100 Total current assets Long-term assets Equipment $209,000 Stockholders' Equity: Common stock 360,000 Retained earnings 170,000 110,000 Less: Accumulated depreciation (127,000) Total long-term assets Total assets : 233,000 $ 442,000 Total stockholders' equity 280.000 Total liabilities and stockholders' equity $ 324,100