The Sky Blue Corporation has the following adjusted trial balance at December 31. Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense Total Debit $ 1,230 2,000 Required 1 Required 2 2,300 3,000 12,000 300 Credit $ 2,600 5,420 1,000 2,900 600 2,400 1,000 42,030 300 21,600 1,300 4,220 1,400 6,000 2,900 $ 58,250 $ 58,250 Required: 1. Prepare a classified balance sheet at December 31. 2. Are the Sky Blue Corporation's assets financed primarily by debt or equity?