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Chirag Bh 1:39:13 2020 tion 25 (16 points) CR DR $14,000 are the Balance Sheet for 2020 using the following Trial Balance Information: unt Title mulated Depreciation - Machinery unts Receivable $18,000 $20,000 $45,000 $6,000 $10,000 $26,000 $35,000 $55,000 $40,000 of Goods Sold eciation Expense me Tax Expense st Expense Cory nery Payable" Supplies Expense id Rent Expense ed Earnings ues Capital (Common Shares) Expense $3,000 $2,000 $10,000 7 $51,000 $125,000 $25,000 $20,000 of the Notes Payable is due within one year. nformation: - 1000 shares outstanding - Corporate Year End is December 31, 2020 - Corporation's Name is Blumen Industries Question 25 (16 points) 2020 Prepare the Balance Sheet for 2020 using the following Trial Balance Information: CR DR $14,000 $18,000 $20,000 $45,000 $6,000 $10,000 $26,000 $35,000 $55,000 Account Title Accumulated Depreciation - Machinery Accounts Receivable Cash Cost of Goods Sold Depreciation Expense Income Tax Expense Interest Expense Inventory Machinery Notes Payable Office Supplies Expense Prepaid Rent Rent Expense Retained Earnings Revenues Share Capital (Common Shares) Wages Expense $40,000 $3,000 $2,000 $10,000 $51,000 $125,000 $25,000 $20,000 20% of the Notes Payable is due within one year. Other Information: - 1000 shares outstanding - Corporate Year End is December 31, 2020 - Corporation's Name is Blumen Industries