Question: please please answer correct its very important question for me Note use commas and dollar sign in each figure The accounting records of LeClaire Delivery

please please answer correct its very important question for me

Note use commas and dollar sign in each figure

please please answer correct its very important question for meNote use commas

The accounting records of LeClaire Delivery Services show the following assets and liabilities as of the end of 2020 and 2019: December 31 2020 2019 Cash $ 10,275 $ 27,150 Accounts receivable 11,775 14,850 Office supplies 1,950 2,550 Trucks 33,080 33,080 Office equipment 79,508 75,eee Land 26,500 Building 96,060 Accounts payable 19,650 4,e50 Notes payable 58,508 During December 2020 the owner, Jess LeClaire, purchased a small office building and moved the business from rented quarters to the new building. The building and the land it occupies cost $124,500. The business paid $66,000 in cash and a note payable was signed for the balance. LeClaire had to invest $18,100 cash in the business to enable it to pay the $66,000. The business earned a profit during 2020, which enabled LeClaire to withdraw $2,100 per month from the business for personal expenses. Required: 1-a. Prepare balance sheet for the business as of the end of 2019. LECLAIRE DELIVERY SERVICES Balance Sheet December 31, 2019 Assets Liabilities Equity Total assets Total liabilities and equity I-b. Prepare balance sheet for the business as of the end of 2020. LeCLAIRE DELIVERY SERVICES Balance Sheet December 31, 2020 Assets Liabilities Total liabilities Equity Total assets Total liabilities and equity 2. Prepare a calculation to show how much profit was earned by the business during 2020. Calculation of profit for 2020: Jess LeClaire, Capital December 31, 2019 Jess LeClaire, capital December 31, 2020 Analysis Component: Compare the increase in assets from December 31, 2019, to December 31, 2020., and complete the following table. Increase in assets Increase in Assets financed by debt Increase in Assets financed by equity

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