Propiem J-USA a-e The trial balance of Sheffield Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Credit SHEFFIELD FASHION CENTER Trial Balance November 30, 2020 Debit Cash $ 21,100 Accounts Receivable 31,900 Inventory 42,500 Supplies 6,200 Equipment 131,000 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings 10,500 Sales Revenue Sales Returns and Allowances 8,600 Cost of Goods Sold 497,100 Salaries and Wages Expense 139,900 Advertising Expense 24,000 Utilities Expense 13,900 Maintenance and Repairs Expense 11,900 Freight-out 16,700 Rent Expense 24,000 Totals $979,300 $ 28,000 51,000 52,800 91,500 756,000 $979,300 Adjustment data: 1. Supplies on hand totaled $2,100. 2. Depreciation is $11,150 on the equipment. 3. Interest of $5,750 is accrued on notes payable at November 30. 4. Inventory actually on hand is $42,200. Prepare an owner's equity statement for the year. SHEFFIELD FASHION CENTER Owner's Equity Statement $ Prepare a classified balance sheet as of November 30, 2019. Notes payable of $21,500 are due in January 2020. (List Current Assets in order of liquidity.) SHEFFIELD FASHION CENTER Balance Sheet Assets $ Liabilities and Owner's Equity $