ACR10 Raymond Construction's trial balance at December 31, 2020, is presented as follows. All 2020 Transactions have been recorded except for the items described below. Debit Credit f Cash-13790 Accounts Receivable Notes Receivable Interest Receivable 28,000 36,800 10,000 -0- 36,200 Inventory (continued) Credit Credit Debit 4.400 20,000 160.000 00.000 8,000 Prepaid Insurance Land Buildings Equipment + 13280 Patents Allowance for Doubtful Accounts Accumulated Depreciation --Buildings Accumulated Depreciation Equipment Accounts Payable Income Taxes Payable Salaries and Wages Payable Uncarned Rent Revenue Notes Payable (duc in 2021) Interest Payable Notes Payable (due after 2021 Owner's Capital Owner's Drawing Salcs Revenue Interest Revenue Rent Revenue Gain on Disposal of Plant Assets Bad Debt Expense Cost of Goods Sold Depreciation Expense Income Tax Expense Insurance Expense Interest Expense Other Operating Expenses Amortization Expense Salaries and Wages Expense Total 300 49,000 24,000 28,300 -0- -0- 6.000 11,000 -0- 35,000 113.600 12.000 910,000 -0- ---- -0- ---- 630,000 -0. -0- --0- -0- 61.800 -0- 110,000 1,177,200 1.177,200 Unrecorded transactions: 1. On May 1, 2020, Raymond purchased equipment for 13.000 plus sales taxes of 780 (all paid in cash) 2. On July 1, 2020, Raymond sold for 3,500 equipment which originally cost 5.000. Accumulated depreciation on this equipment at January 1, 2020, was 1,800, 2020 depreciation prior to the sale of the equipment was 450. 3. On December 31, 2020, Raymond sold on account 9,400 of inventory that cost 6,600. 4. Raymond estimates that uncollectible accounts receivable at year end is 4,000. 5. The note receivable is a one-year, 8% note dated April 1, 2020. No interest has been recorded. 6. The balance in prepaid insurance represents payment of a 4.400 6-month premium on October 1, 2020 7. The building is being depreciated using the straight-line method over 40 years. The residual value is 20,000 8. The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The residual value is 10% of cost. 9. The equipment purchased on May 1, 2020, is being depreciated using the straight-line method over 5 years, with a residual value of 1.000 10. The patent was acquired on January 1, 2020, and has a useful life of 10 years from that date. 11. Unpaid salaries and wages at December 31, 2020. total 2.200. 12. The unearned rent revenue of 6,000 was received on December 1, 2020, for 4 months rent. 13. Both the short-term and long-term notes payable are dated January 1, 2020, and carry a 9% interest rate. All interest is payable in the next 12 months. 14. Income tax expense was 17,000. It was unpaid at December 31. Instructions ca. Prepare journal entries for the transactions listed above. b. Prepare a December 31, 2020, adjusted trial balance. . Prepare a 2020 income statement and a 2020 owner's equity statement. d. Prepare a December 31, 2020, classified statement of financial position