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The adjusted trial balance for China Tea Company at December 31, 2021. is presented below. Credit Debit 519,000 169,00 6, eee 27,000 380,000 Accounts Cash

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The adjusted trial balance for China Tea Company at December 31, 2021. is presented below. Credit Debit 519,000 169,00 6, eee 27,000 380,000 Accounts Cash Accounts receivable Prepaid rent Supplies Equipment Accumulated depreciation Accounts payable Salaries payable Interest payable Notes payable (due in two years) Common stock Retained earnings Dividends Service revenue Salaries expense Advertising expense Rent expense Depreciation expense Interest expense Utilities expense Totals $133,290 15,000 3,280 1,800 20,000 188,eee 161,000 27,000 450,000 180,Bee 72,eee 14,000 30.000 2,800 38,00 $ 964,000 $964,000 Prepare a classified balance sheet for China Tea Company as of December 31, 2021. (Amounts to be deducted should be ndicated with a minus sign.) CHINA TEA COMPANY Balance Sheet As of December 31, 2021 Assets Liabilities and Stockholders' Equity Current assets: Current liabilities Total current liabilities Total liabilities Total current assets Long-term assets Stockholders' Equity: Total long-term assets Total assets Total stockholders' equity Total liabilities and stockholders' equity

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