The Moto Hotel opened for business on May 1, 2022. Here Is its trial balance before adjustment on May 31 MOTO HOTEL Trial Balance May 31, 2022 Debit Credit Cash $ 2,500 2,600 Supplies Prepaid Insurance 1.800 Land 15,000 70,000 Buildings Equipment 16.800 Accounts Payable $ 4,700 Equipment 16,800 Accounts Payable $ 4.700 Unearned Rent Revenue 3,300 Mortgage Payable 36,000 Common Stock 60,000 Rent Revenue 9.000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $ 113,000 $ 113,000 Other data: 1. 2. Insurance expires at the rate of $ 450 per month. A count of supplies shows $ 1,050 of unused supplies on May 31. (a) Annual depreciation is $3,600 on the building. (b) Annual depreciation is $3,000 on equipment. 3. 4. 5. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) Unearned rent of $ 2,500 has been earned. Salaries of $ 900 are accrued and unpaid at May 31. 6. Prepare a classified balance sheet at May 31. (List current assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment MOTO HOTEL Balance Sheet Assets $ 100.20 Assets SPM Question 4 of 4