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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $680 were declared at the end of the year, and 500 additional shares of common stock ( $0.10 par value per share) were issued at the end of the year for $3,320 in cash (for a total at the end of the year of 960 shares). These effects are included below: Prepare a classified balance sheet for the end of the current year. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ Current assets: } \\ \hline Cash & & 1,580 \\ \hline Accounts receivable & & 2,360 \\ \hline Interest receivable & & 132 \\ \hline Prepaid insurance & & 1,760 \\ \hline Total current assets & & 5,832 \\ \hline Notes receivable & & 3,600 \\ \hline Equipment (net of accumulated depreciation) & & 13,570 \\ \hline Total assets & & 23,002 \\ \hline \multicolumn{3}{|l|}{ Liabilities } \\ \hline \multicolumn{3}{|l|}{ Current liabilities: } \\ \hline Accounts payable & & 2,720 \\ \hline Dividends payable & & 680 \\ \hline Accrued expenses payable & & 4,080 \\ \hline Income taxes payable & & 1,872 \\ \hline Unearned rent revenue & & 580 \\ \hline Total current liabilities & & 9,932 \\ \hline \multicolumn{3}{|l|}{ Stockholders' equity } \\ \hline Common stock & & 96 \\ \hline Additional paid-in capital & & 3,780 \\ \hline Retained earnings & & 9,194 \\ \hline Total stockholders' equity & & 13,070 \\ \hline \end{tabular}

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