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The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc. Account Title Debits Credits Cash $ 58,000 Accounts receivable 42,000

The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc.

Account Title Debits Credits
Cash $ 58,000
Accounts receivable 42,000
Inventory 48,000
Prepaid insurance 18,000
Equipment 130,000
Accumulated depreciation $ 37,000
Patent (net) 43,000
Accounts payable 13,500
Interest payable 3,500
Notes payable (due in 10 years) 130,000
Common stock 73,000
Retained earnings 82,000
Totals $ 339,000 $ 339,000

Prepare a classified balance sheet for Culver City Lighting, Inc. (Amounts to be deducted should be indicated by a minus sign.)

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