The Sky Blue Corporation has the following adjusted trial balance at December 31.

	Debit	Credit
Cash	$ 1,410
Accounts Receivable	3,800
Prepaid Insurance	4,100
Notes Receivable (long-term)	4,800
Equipment	21,000
Accumulated Depreciation		$ 6,200
Accounts Payable		7,220
Salaries and Wages Payable		1,900
Income Taxes Payable		4,700
Deferred Revenue		960
Common Stock		4,200
Retained Earnings		1,720
Dividends	480
Sales Revenue		58,230
Rent Revenue		480
Salaries and Wages Expense	25,200
Depreciation Expense	3,100
Utilities Expense	6,020
Insurance Expense	3,200
Rent Expense	7,800
Income Tax Expense	4,700
Total	$ 85,610	$ 85,610

Required:

1. Prepare a classified balance sheet at December 31.

2. Are the Sky Blue Corporation's assets financed primarily by debt or equity?