The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 12,200 167,000 6,700 42,000 470,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation equipment Accounts payable Notes payable due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 142,000 47,000 47,000 5,700 17,600 285,000 87,400 14,900 570,000 265,000 137,000 32,000 47,000 3,700 4,200 1,201,700 1,201,700 Required: Prepare a classified balance sheet for China Tea Company as of December 3 2021. (Amounts to be deducted should be indicated by a minus sign.) CHINA TEA COMPANY Balance Sheet At December 31, 2021 Assets Total assets Liabilities and Shareholders' Equity Total assets Liabilities and Shareholders' Equity Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity