P4-47B Lilley & Taylor, partners in an accounting practice, completed the following selected transactions: 2019 Oct. 31 Performed service for Berger Manufacturing Inc., receiving a $30,000, three-month, 5% note. Dec. 31 Made an adjusting entry to accrue interest on the Berger note. 2020 Jan. 31 Collected the Berger note. Feb. 18 Received a 90-day, 8%. $10,000 note from Emerson Ltd., on account. 19 Sold the Emerson note to a financial institution, receiving cash of $9,700. Nov 11 Loaned $20,000 cash to Diaz Insurance Agency, receiving a 90-day, 9% note. Dec. 31 Accrued the interest on the Diaz note. Requirements 1. Record the transactions in Lilley & Taylor's journal . Round all amounts to the nearest dol- lar. Explanations are not required. 2. Show what Lilley & Taylor will report on its comparative classified balance sheet at December 31, 2020, and December 31, 2019