I need the answer for 4-7 A

but 4-6 must be done first

So i need help with

an adjusted balance sheet

income statement and change in statement equity

CHAPTER 4 Completing the Accounting Cycle and Classifying Accounts Problem 4-7A Financial statements LO6 CHECK FIGURES: Profit = $91,940; Total assets = $343,000 Using the adjusted trial balance in Problem 4-6A, prepare the income statement and statement of change equity for the year ended December 31, 2020, and the classified balance sheet at December 31, 2020. Analysis Component: Why must liabilities be separated on the balance sheet between current and current? What effect would it have had on Lloyd's balance sheet if the long-term note were not separate Problem 4-8A Adjusting entries and closing entries LO2, 3, 5 ture Elements provides outdoorUsing the in the year ended December 31, 2020, and a classified balance sheet at December 31, 2020. There were no investments by the owner during the year. Analysis Component: MY Autobody experienced a loss during 2020. If you were one of the business's credit- ors, should this loss cause you to be concerned about being paid in 2021? nd Problem 4-6A Closing entries LO2, 3 The adjusted trial balance for Lloyd Construction as of December 31, 2020, follows: me No. Account Debit Credit 101 Cash ... . . $ 15,300 104 Current investments .. 20,300 126 Supplies... 6,900 149 Notes receivable. 38,500 167 Equipment.. 71,000 168 Accumulated depreciation, equipment $ 34,500 173 Building. 253,000 174 Accumulated depreciation, building. 137,500 183 Land.. 82,500 193 Franchise... 27,500 201 Accounts payable ... 16,300 203 Interest payable .. 120 233 Unearned professional revenue.. 26,300 251 Long-term notes payable. 125,000 301 Amar Lloyd, capital. 85,640 302 Amar Lloyd, withdrawals. 2.300 401 Professional revenue .. 199,480 406 Rent revenue.. 22,500 606 Depreciation expense, building .. 19,300 612 Depreciation expense, equipment. 7,300 623 Wages expense.. 63,300 633 Interest expense .. 540 637 Insurance expense ... 17,300 652 Supplies expense 12,100 688 Telephone expense. 3,700 690 Utilities expense.... 6,500 TotalS ... $647,340 $647,340 An analysis of other information reveals that Lloyd Construction is required to make a $41,500 payment or; the long-term notes payable during 2021. The notes receivable are due May 1, 2022. Also, Amar Lloyd invested $68,000 cash early in 2020. Required Prepare the closing entries made at the end of the year. 291