The December 31, 2019, post-closingtrial balancefor LikeableCorporation is presented below:DebitsCreditsCash23,000Investments (long-term)56,000Accounts receivable31,000Allowance for uncollectible accounts8,000Prepaid insurance5,000Inventory105,000Land46,000Buildings145,000Accumulated depreciationbuildings51,000Equipment134,000Accumulated depreciationequipment31,000Patents (unamortized balance)5,500Accounts payable38,000Notes payable, due 202266,000Interest payable10,500Bonds payable, due 2031125,000Common stock (no par), 22,000 sharesauthorized, issued, and outstanding165,000Retained Prepare a classified balance sheetfor LikeableCorporation at December 31, 2019. (Enter your answers in the order of their liquidity. Negative amounts should be entered by parentheses.) earnings56,000Totals550,500550,500Required:Use templateprovided in the answer packet.Prepare a classified balance sheetfor LikeableCorporation at December 31, 2019. (Enter your answers in the order of their liquidity. Negative amounts should be entered by parentheses.)