owing is an alphabetical list of accounts of Outlet ServicesInc. as at January 31,2019.The balances are prior to the closing journal entries. All accounts have normal balances.LOADING...(Click the icon to view the account balances.)RequiredPrepare a classified balance sheet as at January 31,2019.Complete the classified balance sheet below. (Abbreviations used: auth. = authorized; equip. = equipment; sh. = shares).

Outlet Services Inc.
Balance Sheet
January 31, 2019
Assets			Liabilities
			Shareholders' Equity
Total Assets			Total liabilities and shareholders' equity

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Account balances

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The balances are prior to the closing journal entries.

All accounts have normal balances.

Accrued Liabilities...............................................................................	$50,400
Accounts Payable...............................................................................	90,000
Accounts Receivable, net.....................................................................	318,000
Cash .................................................................................................	494,000
Common Shares, 500,000 shares authorized; 200,000 shares issued.....	2,500,000
Interest Expense.................................................................................	29,000
Inventory.............................................................................................	420,000
Long-term Note Payable.......................................................................	600,000
Organization Costs..............................................................................	18,000
Prepaid Expenses...............................................................................	3,600
Preferred Shares, $2.50, cumulative, 24,000 authorized and issued.........	240,000
Property, Plant, and Equipment, net......................................................	3,360,000
Retained Earnings...............................................................................	623,600
Trademark, net....................................................................................	20,400

Additional information:

Net income for

2019

was

$530,000.

No new shares were issued in

2019.