The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 11,700 162,000 6,200 37,000 420,000 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 137,000 42,000 42,000 5,200 15,100 260,000 76,400 12,900 520,000 240,000 132,000 27,000 42,000 3,200 3,700 1,097,700 1,097,700 Required: Prepare a classified balance sheet for China Tea Company as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) CHINA TEA COMPANY Balance Sheet At December 31, 2021 Liabilities and Shareholders' Equity Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity CHINA TEA COMPANY Balance Sheet At December 31, 2021 Assets $ Current assets Cash Accounts receivable Prepaid rent Inventory 11,700 162,000 6,200 37,000 Total current assets 216,900 Total assets $ 216,900 Liabilities and Shareholders' Equity