The following accounts and related balances of Bluebird Designers, Inc., as of December 31, 2020, are arranged in no particular order.

{Requirements}
1. Prepare Bluebird's classified balance sheet in the account format at December 31, 2020.
2. Compute Bluebird's return on total assets and return on equity for the year ended December 31,2020 3. Do these rates of return suggest strength or weakness? Give your reason.

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Cash.. $ 45,000 Interest expense. $ 16,300 Accounts receivable, net 25.000 Property, plant, and Contributed surplus. 53,800 equipment, net. 359,000 Accrued liabilities.. 22,000 Common shares Long-term note payable. 97,000 500,000 shares authorized, Inventory... 89,000 110,000 shares issued............ 197,000 Dividends payable 9,000 Prepaid expenses.. 14,000 Retained earnings. ? Common shareholders' Accounts payable... 135,000 equity, December 31, 2019. 220,000 Trademarks, net.... 9,000 Net income. 90.000 Goodwill. 18,000 Total assets, December 31, 2019. 500,000 Net sales... 750,000