The following is the adjusted trial balance of Sierra Company. The Retained Earnings account balance was $6,500 on December 31 of the prior year. Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Common stock Retained earnings Dividends Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Total current assets Total assets Total liabilities Total equity Total liabilities and equity Debit $ 7,000 600 4,200 25,000 Use the information adjusted trial balance to prepare Sierra Company's classified balance sheet as of December 31. SIERRA COMPANY Balance Sheet December 31 Assets 1,500 3,600 2,500 1,600 $ 46,000 Credit $ $ 13,000 3,000 3,500 5,500 6,500 14,500 $ 46,000 0 0 0

The following is the adjusted trial balance of Sierra Company. The Retained Earnings account balance was $6,500 on December 31 of the prior year. Use the information odjusted trial balance to prepare Sierfa Company's classified balance sheet as of December 31