The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 12,000 165,000 6,500 40,000 450,000 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 140,000 45,000 45,000 5,500 16,600 275,000 83,000 14, 100 550,000 255,000 135,000 30,000 45,000 3,500 4,000 1,160, 100 1, 160, 100 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 Assets Total assets Liabilities and Shareholders' Equity Shareholders' equity Total shareholders equity Total abilities and shareholders' equity