2) The balances on December 31, 2020 are available for Dubai Company: Accounts payable $2,550 Accounts receivable 3,550 Accumulated depreciation 6,250 Retained earnings, December 31, 2018 ? Cash 2,300 Cost of goods sold 52,300 Depreciation expense 2,500 Dividends declared 8,800 Equipment 29,000 Income tax expense 10,700 Interest expense 1,150 Inventory 6,250 Long-term notes payable 11,500 Paid-in capital 4,450 Prepaid rent 350 Rent expense 4,000 Sales 118,600 Wage expense 31,900 3,000 Wages payable Required: Prepare a classified balance sheet at December 31, 2020.