Use the filling following year-end adjusted trial balance to prepare the (1) statement of owner's equity, and (2) classified balance sheet, for the year ended December 31.

Adjusted Trial Balance December 31
Cash	$ 3,230
Accounts receivable	580
Prepaid insurance	1,010
Supplies	260
Equipment	6,000
Accumulated depreciation Equipment		$ 1,280
Buildings	101, 600
Accumulated depreciation Buildings		29,800
Land	116, 800
Salaries payable		1,060
Property taxes payable		1,580
Interest payable		2,380
Unearned revenue		640
Long-term notes payable		151,800
Owner, Capital		45,020
Owner, Withdrawals	22,800
Rent revenue		71,100
Salaries expense	30,800
Utilities expense	3, 080
Property taxes expense	2,580
Insurance expense	5, 980
Supplies expense	430
Depreciation expense Equipment	580
Depreciation expense Buildings	5,750
Interest expense	3, 180
Totals	$ 304,660	$ 304,660