Only answer if you are absolutely certain and explain steps well, please.

A:

Given the following account information for Umbrella Corporation, prepare a balance sheet in report form appropriately classified for the company as of December 31, 2020. All accounts have normal balances.

You are not required to show closing entries or an income statement.

Account	Debit	Credit
Equipment	70,000
Interest Expense	2,400
Interest Payable		600
Retained Earnings (you need to figure out balance for his account)
Dividends	50,400
Land	137,320
Accounts Receivable	102,000
Bonds Payable		78,000
Notes Payable (due in 6 months)		34,400
Common Stock		70,000
Accumulated Depreciation Equip		10,000
Prepaid Advertising	5,000
Service Revenue		351,400
Buildings	80,400
Supplies expense	1,860
Income Taxes Payable		3,000
Utilities Expense	1,320
Advertising Expense	1,560
Salaries & Wages Expense	53,040
Salaries & Wages payable		900
Accumulated Depr. Bldg		15,000
Cash	80,000
Depreciation Expense	8,000
Income Tax Expense	5,000