Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31.

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 Debit Credit $ 3,800 27,500 7,888 170,888 $ 34,900 87,888 7,888 4,888 60,000 18,888 160,900 22,888 126,888 22,700 52,700 9,888 9,900 $410,888 $410,888 WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Current assets S 3,000 Cash Accounts receivable Office supplies 27,500 7,000 Total current assets S 37,500 S 170,000 Trucks Accumulated depreciationTrucks 170,000 Total plant assets Total assets 170,000 207,500 $ Liabilities Current liabilities Accounts payable Interest payable S 7,000 4,000 11,000 Total current liabilities Long-term liabilities Long-term notes payable 60,000 Total liabilities 71,000 Equity Retained earnings 160,900 Retained earnings Total equity Total liabilities and equity 160,900 231,900 S