4) Prepare a classified balance sheet at May 31, 2021. (only touch the question if sure of answer else down vote. Do not copy paste else i will report the answer as spam.)

Hawkeye Corporation is a small private corporation that sells desktop printers to local businesses and schools. On May 1, 2021, the following were the account balances of Hawkeye Corporation: Debits Credits Cash 24300 Allowance for Doubtful Accounts 900 Accounts Receivable 9000 Accumulated Depreciation (Van) 18000 Inventory (255 units) 51000 Accumulated Depreciation (Fumiture & Fixtures) 1200 Van 19200 Accounts Payable 4800 Fumiture & Fixtures 5400 Common Shares 6000 Retained Eamings 78000 Total Debits 108900 Total Credits 108900 During May 2021, the following transactions took place: May 1: Bought 96 desktop printers for $120 each on account May 1: Bought a van, paying $6300 cash as a down payment and signed a 10 month $18000,9% note payable for the balance. The company paid $270 to have its company logo painted on the side of the van. The residual value is $3300. The old van was sold for $4200; it cost $19200 and acculumated depreciation up to the date of disposal was $18000 May 10: Sold 108 printers to Gamora Inc. on account. May 12: Cros Technologies agreed to sign a 90-day note receivable to replace a $1200 accounts receivable due that day. The interest rate on the note is 3.3% May 20: Sold 7 printers to Black Widow Inc. using a VISA card to pay for the transaction. A 3% service fee is charged by VISA. May 22: Sold 54 printers to Thor Odinson Public School on account. May 24: Retumed for credit 4 damaged printers from Gamora Inc., costing $90 each. May 28: Received payment in full from Gamora Inc. for tha balance owing May 28: Wrote off as uncollectable $1350 of accounts receivable. May 29: Paid accounts payable, $8100 May 30: Recovered an accounts receivable that was written off in April, $390. May 31: Paid operating expenses totalling $27300. May 31: Recorded depreciation on the van and the fumiture & fixtures. The company uses straight-line depreciation for the van. The van is estimated to be used for 9 years. The future & fixtures are depreciated using the straight-ine method over 3 years. There is no residual value on the fumture and fixtures. May 31: Recorded interest on the note payable May 31: Recorded interest on the notes receivable. May 31: The company records the bad debt expense based on the aging of accounts receivables, which follows: Huvusive VII HIMID CITY - yaa HIVO BO WEBU .youta. fixtures. May 31: Recorded interest on the note payable. May 31: Recorded interest on the notes receivable. May 31: The company records the bad debt expense based on the aging of accounts receivables, which follows: Number of Days Outstanding 0-30 days 31-60 days 61-90 days 90+ days Accounts Receivable $16800 $7800 $1650 $540 Estinated Percentage Uncollectable 0.6% 2.4% 72% 15% Other Information: 1) The selling price for each of the printers is $270. 2) Hawkeye Corporation uses the FIFO method under the perpetual inventory system to account for inventory 3) In the past, Hawkeye Corporation has used the following accounts on their financial statements: Bad Debt Expense, Cost of Goods Sold. Credit Card Fee, Depreciation Expense. Gain on Sale, Interest Expense, Interest Payable, Interest Receivable, Interest Revenue, Loss on Sale, Notes Payable, Notes Receivable, Operating Expenses, Sales Retums, Sales Revenue. Not all accounts have been used each period