please help with Part B

(b) Prepare a classified balance sheet for Tamarisk Effort at December 31, 2020 assuming the note payable is a long-term fiability List current assets in order of liquidity) TAMARISK EFFORT Balance Sheet December 31, 2020 Assets Current Assets Accounts Receivable Supplies Prepaid insurance Total Current Assets Property Plant and Equipment Equipment Less Accumulated Depreciation Equipment To Assets Current Liabilities Accounts Payable Notes Payable Total Current Liabilities Long-term Liabilities Notes Payable Total Long-term Liabilities Owner's Equity Owner's Capital Total uatilities and Owners Fiqurty Usabilities and Owner's Equity 199,680 21.880 The financial statement columns of the worksheet for Tamarisk Effort at December 31, 2020, are as follows: TAMARISK EFFORT Worksheet For the Year Ended December 31, 2020 Income Statement Balance Sheet Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Notes Payable Salaries and Wages Payable Owner's Capital Owner's Drawings Service Revenue Advertising Expense Depreciation Expense Insurance Expense Rent Expense Salaries and Wages Expense Supplies Expense Totals Net Income Accounts 20,736 9,600 3,264 17,280 42,240 5,760 98,880 19.200 118,080 118,080 Debit 16,320 5,760 3,840 4,800 199,680 12.480 Credit 25,880 13,440 67,200 5,760 110,400 118,080 242,880 223,680 19,200 118,080 242,880 242.880 (a) Your answer has been saved. See score details after the due date. Calculate the balance of Owner's Capital that would appear on a balance sheet at December 31, 2020. (List items that increase retained earnings first.) TAMARISK EFFORT Owner's Equity Statement For the Year Ended December 31, 2020 Owner's Capital, January 1 110,4000 Add V: Net Income/(Loss) 19,900 129.600 Less V: Owner's Drawings 12,480 Owner's Capital, December 311 117,120