The following is a december 31, 2021, post-closing trial balance for culver city lighting, inc.
account title debits credits
cash $73,000
accounts receivable 57,000
inventory 63,000
prepaid insurance 33,000
equipment 140,000
accumulated depreciation $52,000
patent (net) 58,000
accounts payable 21,000
interest payable 11,000
notes payable (due in 10 years) 190,000
common stock 88,000
retained earnings 62,000
totals $424,000 $424,000
prepare a classified balance sheet for culver city lighting, inc.