Credit $ 8,100,000 90,000 455,000 63,000 136,000 Instructions Prepare a classified balance sheet as of December 31, 2020. E5.12 (LO 2) (Preparation of a Balance Sheet) Presented below is the trial balance of Scott Butler Corporation at December 31, 2020. Debit Cash $ 197,000 Sales Revenue Debt Investments (trading) (at cost, $145,000) 153,000 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 299,000 Equity Investments (long-term) 277,000 Notes Payable (short-term) Accounts Payable Selling Expenses 2,000,000 Investment Revenue Land 260,000 Buildings 1,040,000 Dividends Payable Accrued Liabilities Accounts Receivable 435,000 Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses 900,000 Interest Expense 211,000 Inventory 597,000 Gain Notes Payable (long-term) Equipment 600,000 Bonds Payable Accumulated Depreciation-Equipment Franchises 160,000 Common Stock ($5 par) Treasury Stock 191,000 Patents 195,000 Retained Earnings Paid-in Capital in Excess of Par Totals $12,315,000 96,000 152,000 25,000 80,000 900,000 1,000,000 60,000 1,000,000 78,000 80,000 $12,315,000 Instructions Prepare a balance sheet at December 31, 2020, for Scott Butler Corporation. (Ignore income taxes.)