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Presented below is the adjusted trial balance of Waterway Corporation at December 31, 2020. Debit Credit $ ? 1,490 1,290 48,290 $ 4,290 1,240 Cash

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Presented below is the adjusted trial balance of Waterway Corporation at December 31, 2020. Debit Credit $ ? 1,490 1,290 48,290 $ 4,290 1,240 Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2027) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense Total 10,290 790 2,290 9,290 10,290 25,290 10,290 9,290 1,690 1,490 1,190 $ ? Additional information: 1. Net loss for the year was $3,370. 2. No dividends were declared during 2020. Prepare a classified balance sheet as of December 31, 2020. (List Current Assets in order of liquidity.) WATERWAY CORPORATION Balance Sheet > Assets $ 4 $ 4. 4 $ Liabilities and Stockholders' Equity 4 $ $ 4 4 4 4 $

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