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 Debit $ 1,260 Credit 2,300 2,600 3,300 13,500 $ 3,200 5,720 1,150 3,200 660 2,700 1,120 330 44,730 330 Salaries and Wages Expense 22,200 Depreciation Expense 1,600 Utilities Expense 4,520 Insurance Expense 1,700 Rent Expense Income Tax Expense Total 6,300 3,200 $ 62,810 $ 62,810 Required: 1. Prepare a classified balance sheet at December 31. 2. Are the Sky Blue Corporation's assets financed primarily by debt or equity? Required 1 Required 2 Prepare a classified balance sheet at December 31. (Amounts to be deducted should be indicated by a < Prev 7 8 of 9 Next