Prepare a classified balance sheet at Decemeber 31, 2020.

On December 1, 2020, Matthias Company had the account balances shown below. Debit Credit Cash Accounts Receivable Inventory $4,800 3,600 1,920 * 21,700 $32,020 Accumulated Depreciation-Equipment Accounts Payable Common Stock Retained Earnings $1,600 3,200 19,100 8,120 $32,020 Equipment *(3,200 x $0.60) The following transactions occurred during December Dec. 3 Purchased 3,800 units of inventory on account at a cost of $0.70 per unit. 5 Sold 4,200 units of inventory on account for $0.90 per unit. (Matthias sold 3,200 of the $0.60 units and 1,000 of the $0.70.) 7 Granted the December 5 customer $270 credit for 300 units of inventory returned costing $180. These units were returned to inventory. 17 Purchased 2,100 units of inventory for cash at $0.80 each. 22 Sold 2,000 units of inventory on account for $0.95 per unit. (Matthias sold 2,000 of the $0.70 units.) Adjustment data: 1. Accrued salaries payable $390. 2. Depreciation $190 per month. Prepare a classified balance sheet at December 31, 2020. (List current assets in order of liquidity.) MATTHIAS COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work