URCES Question 1 Presented below is the adjusted trial balance of Sage Hill, Inc. at December 31, 2017. Debit Credit 1,490 3,000 2,400 80,160 $19,800 3,660 Cash Supplies Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Additional paid-in capital Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense Total 3,780 1,440 2,000 31,820 1,900 15,620 14,940 30,220 14,080 2,340 3,220 2,560 ? ? Additional information: Inn Assignment Gradebook ORION Downloadable eTextbook pen Assignment CALCULATOR MESSAGE MY INSTRUCTOR ESOURCES Additional information: 1. Net income for the year was $8,020. 2. No dividends were declared during 2017. Prepare a classified balance sheet as of December 31, 2017. (List Current Assets in order of liquidity.) Sage Hill, Inc. Balance Sheet Assets V | Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity