The following is the adjusted trial balance of Sierra Company 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 Debit Credit $ 9,000 700 4,400 30,000 $14,000 3,500 4,000 6,000 7,500 2,000 19,500 3,700 3,000 1,700 $54,500 $54,500 QS 3-23 Preparing a classified balance sheet LO C3 Use the information adjusted trial balance to prepare Sierra Company's classified balance sheet as of December 31. SIERRA COMPANY Balance Sheet December 31 Total current assets Total assets Total liabilities Total equity Total liabilities and equity