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The adjusted trial balance for China Tea Company at December 31, 2021, is presented below 6 Credit Debit $17,000 170,000 7,000 27,000 390,000 Accounts Cash

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The adjusted trial balance for China Tea Company at December 31, 2021, is presented below 6 Credit Debit $17,000 170,000 7,000 27,000 390,000 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 $129, eee 12,000 3,300 1,800 28,eee 150, see 223,200 0258 22.ee 450,000 180,000 79, eee 20,000 33, eee 2,3ee 42,800 $ 989, 300 $989,300 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 Liabilities and Stockholders' Equity Curront liabilities: Assets Current assets Total current liabilities 0 Total kabition $ 0 Total current assets Long-term assots Stockholders' Equity 0 Total long-term assets Total assets 0 Total stockholders' equity Total liabilities and stockholders' equity S 0 $ 0

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