The accountant for Travis Corporation prepared the following list of account balances from the company's records for

The accountant for Travis Corporation prepared the following list of account balances from the company's records for the year ended December 31, 2012:

Sales revenue    165,000             Cash    30,000

Accounts receivable  14,000        Selling expenses   40,000

Equipment, net     42,000            Common stock   41,000

Accounts payable   12,000          Interest income    3,000

Salaries & wages expense  40,000   Cost of Sales     51,000

Inventories   22,000                     Prepaid expenses   2,000

Income taxes payable   5,000       Income taxes expense   18,000

Notes payable, due 2014   20,000      Retained earnings   32,000

Required:

Prepare a classified balance sheet for Travis Corporation in good form