4 Question 59 (10 points) Using the Adjusted Trial Balance for Destination Wedding Photo prepare a Classified Balance Sheet (similar to Exhibit 4.14 on Page 255 of the Text) for the year ending December 31, 2020. Note: The company will be required to make a $49,000 payment on the Long Term Notes Payable during 2021 (next year). Destination Wedding Photo Adjusted Trial Balance December 31, 2020 Debit Credit $16,800 21,800 8,400 46,000 66,000 $22,000 168,000 45,000 Account Name Cash Current Investments Supplies Notes Receivable, due May 01, 2022 Equipment Accumulated Depreciation, Equipment Building Accumulated Depreciation, Building Land Franchise Accounts Payable Interest Payable Unearned Professional Revenue Long-term Notes Payable David Sale, Capital David Sale, Withdrawals Photography Revenue Interest Income Depreciation Expense, 90,000 35,000 17,800 120 27,800 140,000 99,290 3,800 214,000 480 20,800 Depreciation, Expense, Equipment Wages Expense Interest Expense Insurance Expense Supplies Expense Telephone Expense Utilities Expense Totals 8,800 34,800 690 18,800 13,600 5,200 8,000 $566,490 $566,490