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1b. Prepare the statement of retained earnings for the calendar-year 2019. 1c. Prepare the classified balance sheet at December 31, 2019. 2. Prepare the
1b. Prepare the statement of retained earnings for the calendar-year 2019. 1c. Prepare the classified balance sheet at December 31, 2019. 2. Prepare the necessary closing entries at December 31, 2019. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 1C Required 2 Prepare the classified balance sheet at December 31, 2019. TYBALT CONSTRUCTION Current assets Cash Short-term investments Supplies Prepaid insurance Balance Sheet December 31, 2019 Assets Total current assets Plant assets Equipment Accumulated depreciation-Equipment Building Accumulated depreciation-Building Land Total plant assets Total assets Current liabilities Accounts payable Interest payable Rent payable Wages payable Property taxes payable 00000 s 6,500 24,000 8,800 8,800 000000 S 48,100 50,000 (25,000) 25,000 177,000 (59,000) 118,000 54,820 S 197,820 245,920 Liabilities 16,000 2,700 3,500 2,800 800 7,200 8,500 Uneamed professional fees Current portion of long-term notes payable Total current liabilities Long-term liabilities Long-term notes payable Total liabilities Common stock Retained earnings Total equity Total liabilities and equity Equity 00000 6,500 111,800x S 41,500 59,500 101,000 < Required 18 118,300 $ 219,300 Required 2 >
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