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

{Requirements}
1. Prepare Dove's classified balance sheet in the account format at December 31, 2020.
2. Compute Dove'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... $ 53,000 Interest expense.. $ 16,200 Accounts receivable, net. 27,000 Property, plant, and Contributed surplus. 75,600 equipment, net 355,000 Accrued liabilities..... 25,000 Common shares, Long-term note payable. 95,000 1,250,000 shares authorized. Invertory 98,000 118,000 shares issued. 211,000 Dividends payable 6,000 Prepaid expenses.. 14,000 Retained earnings. ? Common shareholders' Accounts payable. 130,000 equity, December 31, 2019.......... 233,000 Trademark net. Goodwill. 3,000 Net income... 71,000 18,000 Total assets, December 31, 2019.. 495,000 Net sales..... 800,000