The following items are taken from the financial statements of Cullumber Company for 2022:

Accounts payable $10,600
Accounts receivable 12,500
Accumulated depreciation—equipment 36,900
Advertising expense 21,400
Cash 13,000
Common stock 97,000
Depreciation expense 13,600
Dividends 16,000
Equipment 225,000
Insurance expense 2,600
Notes payable 65,000
Prepaid insurance 6,600
Rent expense 16,800
Retained earnings (beginning) 25,900
Salaries and wages expense 33,500
Salaries and wages payable 3,900
Service revenue 133,000
Supplies 4,600
Supplies expense 6,700

Prepare a classified balance sheet for Cullumber Company as of April 30, 2022.

                                          Cullumber Company

                                          Balance Sheet

                                          As at 2022

Explanation:                      Amount in $

Current Assets

Accounts Receivable           12,500

Cash                                      13,000

Prepaid Insurance                  6,600

Supplies                                  4,600

Total Current Assets            36,700

Non-Current Assets

Equipment (225,000-36,900)  188,100

Total Assets                              224,800

Liabilities & Shareholders' Equity

Current Liabilities

Accounts Payable                10,600

Notes Payable                      65,000

Salaries Payable                      3,900

Total Current Liabilities           79,500

Equity

Common Stocks                      97,000

Retained Earnings (25,900+133,000-21,400-13,600-2,600-16,800-33,500-6,700)                                          64,300  

Dividends                                   (16,000)

 Total Equity                              145,300

Total Liabilities & shareholders' equity    224,800  

i'ts proportional. if the inflation rate is 12% for example, the cpi will be 12% less.

hope it ,

bioteacher101

the answer is account d