The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit $ Cash 11,500 Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) 145,000 5,500 27,500 350,000 $130,000 11,500 10,500 4,500 35,000 250,000 55,000 450,000 Common Stock Retained Earnings Service Revenuel Salaries Expense Rent Expense Depreciation Expense Interest Expense 350,000 17,500 35,000 4,500 $946,500 $946,500 Totals References Section Break Exercise 3-16 Prepare financial statements from an adjusted trial balance (LO3-5) Answer is complete but not entirely correct. FIGHTIN' BLUE HENS CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2018 Total Common Retained Stockholders' Stock Earnings Equity 349,000 X 59,000 $ Balance at January 1 290,000 Add: Net income 36,600 36,600 Less: Dividends 0 $ 290,000 $ 385,600( 95,600 $ Balance at December 31 3. Prepare a classified balance sheet as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) FIGHTIN' BLUE HENS CORPORATION Balance Sheet December 31, 2018 Assets Liabilities 0 Total current liabilities Total current assets 0 Total long-term liabilities 0 Stockholders' Equity 0 Total stockholders' equity Total long-term assets 0 0 Total liabilities and stockholders' equity S 0 Total assets