The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit $14,000 166,000 7,000 28,000 320,000 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 $127,000 19,000 3,700 1,800 30,000 180,000 81,700 22,000 450,000 185,000 70,000 15,000 31,000 2,200 33,000 $ 893,200 $893,200 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 Assets Liabilities and Stockholders' Equity Current assets: Current liabilities: Total current liabilities $ 0 Total liabilities 0 $ 0 Stockholders' Equity: Total current assets Long-term assets: 0 0 Total long-term assets Total assets Total stockholders' equity Total liabilities and stockholders' equity $ 0 $ 0