The following data were taken from the adjusted trial balance of Kent Corporation. Kent Corporation Adjusted Trial Balance Data December 31, 2010 $12,000 13,000 6,000 9,000 60,000 40,000 24,000 22,000 15,000 25,000 40,000 1,000 3,000 23,000 2,000 Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation-Furniture & Fixtures Building Capital Stock Cash Copyrights Furniture & Fixtures Land Note Payable (10%, due in 5 years) Office Supplies Prepaid Insurance Retained Earnings (January 1, 2010) Salaries Payable Service Revenue Salaries Expense Utilities Expense Depreciation Expense Insurance Expense Office Supplies Expense Interest Expense 85,000 28,000 2,000 5,000 2,000 1,000 4,000 Note: Dividends declared during the year was $12,000. Required: Prepare a classified balance sheet at December 31, 2010. (Ignore income taxes). Hint: you will have to prepare an income statement and statement of retained earnings to arrive at the ending Retained Earnings (December 31, 2010) which you will need in order to prepare the balance sheet