Clara Dover, the owner of Dover Plumbing Sales and Service, showed the following adjusted account balances for the year ended March 31, 2014 (listed alphabetically):
Account Balance
Accounts payable ............................................................. $ 6,900
Accounts receivable ........................................................... 28,000
Accumulated depreciation, tools ............................................ 11,000
Accumulated depreciation, truck ............................................ 14,000
Allowance for doubtful accounts ............................................. 1,800
Bad debt expense ............................................................... 5,600
Cash ............................................................................. 16,000
Cash over/short expense ........................................................... 20
Clara Dover, capital .......................................................... 248,770
Clara Dover, withdrawals .................................................... 72,000
Cost of goods sold ........................................................... 103,000
Depreciation expense, tools .................................................... 2,000
Depreciation expense, truck ................................................... 5,000
Insurance expense .............................................................. 7,100
Interest expense ................................................................... 250
Merchandise inventory ........................................................ 9,000
Notes payable, due August 31, 201 7 ..................................... 1 7,000
Notes payable, due February 1, 2015 ........................................ 6,000
Notes receivable, due December 1, 2016 .................................. 14,000
Petty cash ......................................................................... 400
Plumbing fees earned....................................................... 121,000
Prepaid insurance .............................................................. 3,800
Prepaid rent ..................................................................... 6,500
Rent expense .................................................................. 23,000
Salaries expense ............................................................. 118,000
Salaries payable ................................................................ 3,200
Sales .......................................................................... 124,000
Tools ........................................................................... 82,000
Truck .......................................................................... 67,000
Unearned plumbing fees ..................................................... 9,000
*Assume all account balances are normal unless otherwise stated.
**Debit balance.
Required
Prepare a classified balance sheet based on the information provided.
Analysis Component: Dover Plumbing had total Plumbing fees earned for the year ended March 31, 2013 of $86,000 and net accounts receivable at March 31, 2013, of $21,200. Calculate and compare days' sales uncollected for March 31, 2013, and March 31, 2014. Round calculations to two decimal places