An alphabetical list of the adjusted trial balance accounts for North Country Rentals after its first year of operations ending March 31, 2020, is shown below: Account Accounts payable Accumulated depreciation, building Accumulated depreciation, furniture Advertising expense Building Cash Depreciation expense, building Depreciation expense, furniture Furniture Interest expense Interest payable Janitorial expense Land Long-term notes payable Notes receivable, due 2023 Office salaries expense Office supplies Office supplies expense Brand name Prepaid advertising Rent revenue Rent receivable Salaries payable Utilities expense Wyett North, capital Wyett North, withdrawals Adjusted Account Balance* $ 10, 100 26,000 4,500 17,200 601,000 18,000 26,000 4,500 44,800 10,360 800 42,000 120,000 372,000 153,000 131,625 800 7,100 4,000 500 408,400 17,000 3,125 37,720 439,680 29,000 *Assume all accounts have a normal balance. Required: 1. Calculate the capital balance as it would appear on the March 31, 2020, balance sheet. 2. Prepare a classified balance sheet. Assume that $220,000 of the Long-Term Notes Payable will be paid during the year ended March 31, 2021. Also, $60,000 of the notes receivable will be collected by March 31, 2021