James opened a shop on January 1, 2019. His account has extracted the following trial balance from his books of account as at January 31 2019. Trial Balance Dr. Cr. $ $ Cash 2500 Supplies 1900 Prepaid Insurance 2400 Machineries 85000 Equipment 16800 Accounts payable 5300 Unearned Rent Revenue 3600 Long-term Loan 35000 Jamess, Capital 60000 Rent Revenue 9200 Delivery Expense 500 Salaries and Wages 3000 Electricity Expense 1000 Total 113,10 0 113,10 0 Notes: The following additional information is to be taken into account. 1. Insurance expires at the rate of $200 per month. 2. Supplies show $900 of unused supplies on January 31. 3. Depreciation $300 on the machineries and $250 on equipment per month. 4. Loan interest 12% per year. The loan was taken on January 1. 5. Unearned rent of $1500 has been earned. 6. Salaries of $300 are accrued at January 31. Required: a) Prepare and complete the worksheet on January 31. (35) b) Prepare a Classified Balance Sheet for the month ended January 31, 2019