The following is a December 31, 2024, post-closing trial balance for
Account Title
Cash
Accounts receivable
Inventory
Prepaid insurance
Equipment
Accumulated depreciation
Patent (net)
Accounts payable
Interest payable
Notes payable (due in 10 years)
Common stock
Retained earnings
Totals
Debits
$ 73,000
57,000
63,000
33,000
140,000
58,000
$ 424,000
Prepare a classified balance sheet for Culver City Lighting, Incorporate
Note: Amounts to be deducted should be indicated by a minus sign.