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Requirement 1. Prepare the company's classified balance sheet at March 31, 2017. Show captions for total assets, total liabilities, and total liabilities and shareholders' equity. Sunny Stream Services Ltd Balance Sheet March 31, 2017 Assets Current assets Cash Accounts receivable Supplies Prepaid expenses 7500 17000 3000 5900 33400 Total current assets Plant assets Equipment 42000 Less: Accumulated depreciation 7300) 34700 14500 Other assets 82600 Total assets Liabilities Current liabilities Accounts payable Salary payable Unearned service revenue Current portion of note payable 15000 2800 2800 Total current liabilities 20900 5700 Note payable, long-term Total liabilities 26600 Shareholders' Equity Share capital Retained earnings Total shareholders' equity Total liabilities and shareholders' equi 8600 20300 28900 55500