Classified Balance Sheet - four (4) questions Instructions: Please prepare a Classified Balance Sheet on your scratch paper based on the following Partial Adjusted Trial Balance. Use this Classified Balance Sheet to answer this question and the next three (3) questions. You will need to know the 1.) Total Current Assets, 2.) Total Long-term Assets, 3.) Total Current Liabilities, and 4.) Total Stockholders' Equity to answer these four (4) questions. Question: Based on the Partial Trial Balance and Additional Info shown below, what is the amount of the Total Current Assets shown on the Classified Balance Sheet you prepared on your scratch paper? Adjusted Trial Balance December 31, 20xx Accounts Debit Credit Cash $25.143 100.550 Accounts Receivable 40,000 14,179 Inventory Prepaid Rent Equipment Building Accumulated Depreciation Accounts Payable 25,000 125,000 $ 50,000 25.143 Deferred Revenue 30,550 5,000 Current Portion Long-term Debt Long-term Debt Bonds Payable 50,179 50.000 Common Stock 25.000 0 Treasury Stock Retained Earnings Dividends 25,000 10,000 Revenue 200.143 Cost of Goods Sold 75.143 9,000 15.000 10,000 Salaries Expense Rent Expense Utilities Expense Depreciation Expense Interest Expense Income Tax Expense 5.000 1,000 6,000 Additional Information: Net Income After-taxes for the Accounting Period equaled $79.000 Beginning Balance of Common Stock on 1/1/20xx $25,000 Beginning Balance of Retained Earnings on 1/1/20xx $25.000 No new stock was issued during the accounting period. Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Long- term Assets shown on the Classified Balance Sheet you prepared on your scratch paper? Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Current Liabilities shown on the Classified Balance Sheet you prepared on your scratch paper? Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Stockholders' Equity shown on the Classified Balance Sheet you prepared on your scratch paper