Selected accounts from Lue Co.'s adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Total equity. .... $9000 . $30,000 Employee federal income taxes...

Prepare Balance sheet.

Extracted text: Selected accounts from Lue Co.'s adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Total equity. .... $9000 . $30,000 Employee federal income taxes payable . 40,000 Federal unemployment taxes payable .... 200 34,000 FICA–Medicare taxes payable ... . 5,100 FICA–Social Security taxes payable ... 50,000 Employee medical insurance payable ... . 4,000 State unemployment taxes payable . . 10,000 Sales tax payable (due in 2 weeks).. Equipment ..... Salaries payable . 725 Accounts receivable.. 3,100 Cash... 2,000 Current portion of long-term debt.. Notes payable (due in 6 years) . . . 1,800 ......... ..... ... ... 275 .........