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The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc. Account...

The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc.

Account Title Debits Credits
Cash $ 75,000
Accounts receivable 59,000
Inventory 65,000
Prepaid insurance 35,000
Equipment 160,000
Accumulated depreciation $ 54,000
Patent (net) 60,000
Accounts payable 22,000
Interest payable 12,000
Notes payable (due in 10 years) 210,000
Common stock 90,000
Retained earnings 66,000
Totals $ 454,000 $ 454,000


Prepare a classified balance sheet for Culver City Lighting, Inc. (Amounts to be deducted should be indicated by a minus sign.)

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