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Adventure Elements provides outdoor activities including ropes courses, rock climbing, and zip-tining. The company otfers a unique experience for team building activities, camps for youth,

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Adventure Elements provides outdoor activities including ropes courses, rock climbing, and zip-tining. The company otfers a unique experience for team building activities, camps for youth, and anyone seeking outdoor adventure. The following is trial balance for the year ended March 31, 2023 . The following is additional information that has not been included in the thaf balance. a. On April 2, you recelved the telephone bis for the manth of March for 5615 b. On March 31, Adventure Element took a university student club zip -lining. An imvoice had been sent to the student club for 53,960 due Apni 30 . c. On Mrirch 31, the company held a teen's camp for $2,150. All tickets had been prepald two woeks in advance: d. The equipment has an estimated useful life of 20 years with no residual value at the end of its usefial ife. If you need to crestea new account, use occount number 606 Use straight line method for depreciating Equipment. Use straight line method for depreciating Equipment. The owner made an additional investment duting the year of $10,500. A $3,200 payment on the long-term notes payable will be made during the year ended March 31, 2024. Prepare an income statement for the year ended March 31, 2023. Prepare a classified balance sheet at March 31, 2023. Long-term investments

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