The following information is available for Rego Bowling Alley at December 31, 2020.

Prepare a classifi ed balance sheet using GAAP; assume that $13,900 of the notes payable will be paid in 2021.

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Interest Expense $ 2,600 Buildings |Accounts Receivable Prepaid Insurance $128,000 Owner's Capital Accumulated Depreciation-Buildings Accounts Payable Notes Payable Accumulated Depreciation-Equipment Interest Payable Service Revenue 7,540 4,680 18,040 62,400 67,000 780 112.000 42,600 12,300 Cash Equipment 95,000 Land Insurance Expense Depreciation Expense 18,720 2,600 15,180 7,360