An alphabetical list of the adjusted trial balance accounts for North Country Rentals after its first year of operations ending March 32 2020, is shown below. Accounts payable Account Accumulated depreciation, building Accumulated depreciation, furniture Advertising expense Building Adjusted $ 8,100 Account Balance 24,000 2,500 15,200 581,000 6 Cash 16,000 Depreciation expense, building 24,000 Depreciation expense, furniture 2,500 Furniture 40,000 Interest expense 10,160 Interest payable 700 Janitorial expense 40,000 Land 100,000 Long-term notes payable 352,000 Notes receivable, due 2023 133,000 office salaries expense 121,625 office supplies 600 office supplies expense 5,100 2,000 300 380,400 Brand name Prepaid advertising Rent revenue Rent receivable Salaries payable Utilities expense Wyott North, capital Myett North, withdravale "Assume all accounts have a normal balance. Required: 15,000 2,125 35,720 392,100 27,000 1. Calculate the capital balance as it would appear on the March 31, 2020, balance sheet. Wyett North, capital all accounts have a normal balance. Required: 1. Calculate the capital balance as it would appear on the March 31, 2020, balance sheet. Wyett North, capital + 2. Prepare a classified balance sheet. Assume that $210,000 of the Long-Term Notes Payable will be paid during the year ende March 31, 2021. Also, $50,000 of the notes receivable will be collected by March 31, 2021. NORTH COUNTRY RENTALS Balance Sheet March 31, 2020 Current assets Total current assets Long-term investments Property, plant and equipment Building Furniture Total property, plant and equipment Intangible assets: Total assets Assets Liabilities Property, plant and equipment: Building Furniture Total property, plant and equipment Intangible assets: Total assets Liabilities Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Total liabilities and equity Equity