LOS 1 & 2 10:00 Time Left:0:39:09 Rekha Rani: Attempt 1 X 12 Prepare the Balance Sheet for 2020 using the following Trial Balance Information: Account Title 2020 Accumulated Depreciation - Machinery DR CR 15 Accounts Receivable $14,000 Cash $18,000 Cost of Goods Sold $20,000 $45,000 18 Depreciation Expense $6,000 Income Tax Expense $10,000 Interest Expense $26,000 Inventory $35,000 21 Machinery $55,000 Notes Payable* $40,000 Office Supplies Expense $3,000 Prepaid Rent $2,000 24 Rent Expense $10,000 Retained Earnings $43,000 Revenues $125,000 Share Capital (Common Shares) $25,000 Wages Expense $20,000 Total $250,000 $250,000 * 20% of the Notes Payable is due within one year. 05:56 9 20 C 0 4) ENG 30-09-2021 here to search O