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2) The balances on December 31, 2020 are available for Dubai Company: Accounts payable Accounts receivable Accumulated depreciation Retained earnings, December 31, 2018 Cash Cost

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

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