The adjusted balances at September 30, 2023, for Xentel Interactive are shown in alphabetical order below:

*The owner, Mason Xentel, made no additional investments during the year ended September 30, 2020.

RequiredPrepare a comparative classified balance sheet at September 30, 2023.

Analysis Component:How were Xentel’s assets mainly financed in 2022? in 2023?d Has the change in how assets were financed from 2022 to 2023 strengthened the balance sheet? (To strengthen the balance sheet is to decrease the percentage of assets that are financed by debt as opposed to equity.)

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Accounts payable Accounts receivable Accumulated amortization, copyright Accumulated depreciation, building Accumulated depreciation, machinery Building Cash Consulting revenue earned Copyright Land Machinery Mason Xentel, capital* Mason Xentel, withdrawals Notes payable, due October 2027 Operating expenses Prepaid insurance Unearned fees 2023 $ 4,320 1,800 1,080 54,000 90,000 225,000 900 540,000 7,200 68,400 295,200 226,080 72,000 230,220 558,000 -0- 82,800 2022 $3,150 4,320 540 50,400 82,800 225,000 2,700 622,800 7,200 68,400 115,200 270,252 41,400 55,800 625,572 1,530 5,580