Use the above adjusted trial balance to prepare Wilson Trucking Company's classifoed balance sheet as of December 31.

Credit Debit $ 9,500 10,500 7,150 165,000 $ 33,990 45,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals 13,500 10,000 57,000 18, 234 136,500 50,000 122,000 21,924 60,970 10,000 11, 180 $ 391,224 $ 391,224 WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Current assets Cash Accounts receivable Office supplies 9,500 10,500 7,150 $ 27,150 $ 165,000 Total current assets Plant assets Trucks Accumulated depreciation-Trucks Land Total plant assets Total assets Liabilities Current liabilities Accounts payable Interest payable 165,000 45,000 210,000 237,150 $ $ 13,500 10,000 23,500 Total current liabilities Long-term liabilities Long-term notes payable 57,000 Total liabilities 80,500 Equity 18,234 Common stock Retained earnings Total equity Total liabilities and equity 18.234 98.734 $