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. The following is the adjusted trial balance for Steely Company. Steely Company Adjusted Trial Balance For the Year ended December 31, 2010 Cash

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. The following is the adjusted trial balance for Steely Company. Steely Company Adjusted Trial Balance For the Year ended December 31, 2010 Cash Accounts Receivable Prepaid Insurance Equipment 6,130 2,300 750 13,400 Accumulated Depreciation 1,200 Accounts Payable 1,700 Notes Payable Due on June 30, 2011 5,000 Bob Steely, Capital 12,000 Bob Steely, Drawing 870 Fees Earned Wages Expense Rent Expense Utilities Expense 6,600 1,450 900 475 Depreciation Expense Miscellaneous Expense Totals 150 75 26,500 26,500 Prepare an Income Statement, Statement of Owner's Equity, and Classified Balance Sheet. Assume that the capital account started with a beginning balance of $10,000. FORMS ATTACHED

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