Question: 20. Using the information below prepare a classified balance sheet as of December 31, 2018 and an income statement and statement of retained earnings for

 20. Using the information below prepare a classified balance sheet as

20. Using the information below prepare a classified balance sheet as of December 31, 2018 and an income statement and statement of retained earnings for the year ending December 31, 2018: Cash Accounts Receivable Dividends Accounts Payable Common Stock Sales Rent Expense Wage Expense Equipment Notes Payable (due in 5 years) Retained Earnings Begin 1/1/18 Retained Earnings End 12/3/18 $34,000 $ 9,000 $ 1,000 $ 2,000 $44,000 $20,000 $ 3,000 $11,000 $26,000 $18,000 $0 $ 5,000

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