The following data were taken from the adjusted trial balance of Kent Corporation.

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Kent Corporation

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Adjusted Trial Balance Data

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December 31,2011

\begin{array} { l r } \text { Accounts Payable } & \$ 12,000 \\ \text { Accounts Receivable } & 13,000 \\ \text { Accumulated Depreciation-Building } & 6,000 \\ \text { Accumulated Depreciation-Furniture \& Fixtures } & 9,000 \\ \text { Building } & 60,000 \\ \text { Capital Stock } & 40,000 \\ \text { Cash } & 24,000 \\ \text { Copyrights } & 22,000 \\ \text { Dividends Declared } & 12,000 \\ \text { Furniture \& Fixtures } & 15,000 \\ \text { Land } & 25,000 \\ \text { Note Payable (10\%, due in 5 years) } & 40,000 \\ \text { Office Supplies } & 1,000 \\ \text { Prepaid Insurance } & 3,000 \\ \text { Retained Earnings (January 1, 2011) } & 23,000 \\ \text { Salaries Payable } & 2,000 \\ \text { Service Revenue } & 85,000 \\ \text { Salaries Expense } & 28,000 \\ \text { Utilities Expense } & 2,000 \\ \text { Depreciation Expense } & 5,000 \\ \text { Insurance Expense } & 2,000 \\ \text { Office Supplies Expense } & 1,000 \\ \text { Interest Expense } & 4,000 \end{array}

Required:
Prepare a classified balance sheet in good form at December 31,2011.(Ignore income taxes).

Huron Has Provided the Following Year-End Balances

Multiple Choice