Need an explantation of the classified balance sheet

*Make sure you do a classified BS Assets Current Assets Splashing Around Balance Sheet For the three months ended December 31, 2019 Liabilities & Owner's Equity Liabilities 59,076 Accounts Payable 7,068 Wages Payable 1,800 Unearned Pool Services Revenue 3,165 1,600 72,709 Total Current Liabilities 1400 544 Cash Accounts Receivable Office Supplies Prepaid Insurance Prepaid Rent Total Current Assets 6,500 8444 90,665 Fixed Assets Office Equipment Accumulated Depreciation - Office Equipment Pool Equipment Accumulated Depreciation - Pool Equipment Total Fixed Assets Owners Equity 12,000 S. Erickson, Capital (600) 16,000 (1,000) 26,400 Total Assets 99,109 Total Liabilities & Owners Equity 99,109 4. Explanation of the prepared financial statements. Write at least a paragraph on each of the three financial statements you have prepared. Define the purpose of each financial statement and explain the information they uniquely provide to assist in decision making