The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc. Credits Debits $ 57,000 41,000 47,000 17,000 120,000 $ 36,000 Account Title Cash Accounts receivable Inventory Prepaid insurance Equipment Accumulated depreciation Patent (net) Accounts payable Interest payable Notes payable (due in 10 years) Common stock Retained earnings Totals 42,000 13,000 3,000 120,000 72,000 80,000 $324,000 $324,000 CULVER CITY LIGHTING, INC. Balance Sheet At December 31, 2021 Assets Current assets Total current assets Property, plant, and equipment 0 Net property, plant, and equipment Intangible assets 0 Total assets $ 0 Liabilities and Shareholders' Equity Current liabilities 0 Total current liabilities Long-term liabilities 0 Total liabilities Shareholders' equity 0 Total shareholders' equity Total liabilities and shareholders' equity $ 0