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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 $ 55,000 Accounts receivable 39,000

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

Account Title Debits Credits
Cash $ 55,000
Accounts receivable 39,000
Inventory 45,000
Prepaid insurance 15,000
Equipment 100,000
Accumulated depreciation $ 34,000
Patent (net) 40,000
Accounts payable 12,000
Interest payable 2,000
Notes payable (due in 10 years) 100,000
Common stock 70,000
Retained earnings 76,000
Totals $ 294,000 $ 294,000

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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