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Financial Statement Preparation and Analysis (9 Marks-23 Minutes) Samantha Morris, a 20 year old musician, owns Musical Adventures, a business where she provides musical lessons to young children. Samantha wants to approach her bank for a bank loan next week and she has come to you for accounting assistance. An accounting friend has been providing Samantha with accounting services but her friend left for a vacation in Hawaii before completing the balance sheet of Musical Adventures. The income statement and statement of owner's equity have already been prepared and are included in Part B below so you are NOT to prepare these other statements, only the classified balance sheet. The adjusted trial balance of Musical Adventures is provided below. Musical Adventures Adjusted Trial Balance February 29, 2020 Debit Credit Cash $47,000 Accounts Receivable 31,000 Supplies 22,000 Musical equipment 24,000 Accumulated Amortization - Musical Faminment 11,000 32,000 9,000 33,000 31,200 Accounts Payable Unearned Revenue Long Term Note Payable S. Morris, Capital S. Morris, Withdrawals Revenue Salaries Expense Rent Expense Amortization Expense- Musical Equipment 15,700 81,000 39,000 12,500 6,000 197,200 197,200 Required: Using the adjusted trial balance information, prepare a Classified Balance Sheet for Musical Adventures below, with proper headings. Assume that any assets or liabilities are current unless somehow indicated otherwise in the adjusted trial balance. You will not be able to double underline due to the limitations of D2L. Note: You are only to prepare the classified balance sheet, not the other statements which have already been completed and provided in Part B. Question 6 (9 points) Saved Listen BALANCE SHEET 9 Points (23 Minutes) Using the adjusted trial balance information, prepare a Classified Balance Sheet on the form provided below