Use the 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	$ 3,220
Accounts receivable	570
Prepaid insurance	1,000
Supplies	250
Equipment	5,900
Accumulated depreciationEquipment		$ 1,270
Buildings	101,400
Accumulated depreciationBuildings		29,700
Land	116,700
Salaries payable		1,050
Property taxes payable		1,570
Interest payable		2,370
Unearned revenue		630
Long-term notes payable		151,700
Owner, Capital		44,760
Owner, Withdrawals	22,700
Rent revenue		70,900
Salaries expense	30,700
Utilities expense	3,070
Property taxes expense	2,570
Insurance expense	5,970
Supplies expense	420
Depreciation expenseEquipment	570
Depreciation expenseBuildings	5,740
Interest expense	3,170
Totals	$ 303,950	$ 303,950

Enter answers in the tabs below.

• Required 1
• Required 2

Prepare the classified balance sheet for the year ended December 31.

Balance Sheet
December 31
Assets
		0
		0
Liabilities
Equity
		0
		$0

• Required 1
• Required 2