Adventure Elements provides outdoor activities including ropes courses, rock climbing, and zip-lining. The company offers 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, 2020.

No.AccountDebitCredit201Accounts payable and accrued liabilities$2,450103Accounts receivable$9,200168Accumulated depreciation, equipment9,700300Becky Brenner, capital48,650301Becky Brenner, withdrawals37,400101Cash10,950194Copyright9,400167Equipment37,200633Insurance expense2,750623Interest expense530141Notes receivable, due January 1, 202315,600233Long-term notes payable24,700610Rent expense11,800402Revenues76,405126Supplies675637Supplies expense2,280652Telephone expense2,110203Unearned revenues14,700688Utilities expense2,310612Wages expense34,400Totals$176,605$176,605

The following is additional information that has not been included in the trial balance.

1. On April 2, you received the telephone bill for the month of March for $615.
2. On March 31, Adventure Element took a university student club zip-lining. An invoice had been sent to the student club for $3,960 due April 30.
3. On March 31, the company held a teen's camp for $2,150. All tickets had been prepaid two weeks in advance.
4. The equipment has an estimated useful life of 20 years with no residual value at the end of its useful life. If you need to do new account, use account number 606.

Use straight line method for depreciating Equipment.

The owner made an additional investment during the year of $10,500. A $3,200 payment on the long-term notes payable will be made during the year ended March 31, 2021.

do income statement for the year ended March 31, 2020.

do statement of changes in equity for the year ended March 31, 2020.

do classified balance sheet at March 31, 2020.