Cash It Should Balance, Inc. As of 12/31/2020 Accounts Receivable 15,466 14,230 Prepaid Rent 4,000 Equipment 16,790 Accumulated Depreciation 8,076 Accounts Payable 5,300 Wages Payable 2,200 Rent Expense 4,900 Common Stock Retained Earnings beginning of year Fees Earned 20,000 7,600 18,900 Fees Earned 18,900 Wages Expense 8,230 Unearned Revenue 7,940 Utilities Expense 2,900 Depreciation Expense 2,000 Dividends 1,500 Given the above information calculate Net Income (SHOW ANSWER AND WORK ON THIS SCREEN) and prepare a classified balance sheet