Question 11 of 14 5 > Current Attempt in Progress The adjusted trial balance of Joseph Cooper Co. as of December 31, 2020, contains the following. Credit JOSEPH COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Cash $20,012 Accounts Receivable 7,460 Prepaid Rent 2.820 Equipment 18,590 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends 3.540 Service Revenue Salaries and Wages Expense 7.380 Rent Expense 2.218 Depreciation Expense 187 Interest Expense 125 Interest Payable $62,332 $5,435 6,240 6,012 20.540 11,850 12.130 125 $62.332 the number e.g.-45 or parenthes JOSEPH COOPER CO. Income Statement For the Year Ended December 31, 2020 Revenues Service Revenue Expenses 12130 Salaries and Wages Expense Rent Expense 7380 Depreciation Expense 2218 Interest Expense 187 Total Expenses 125 Net Income /(Loss) 9910 $ 2220 e Textbook and Media List of Accounts Question 11 of 14 LIULURUU Prepare a statement of retained earnings. (List items that increase retained earnings first.) JOSEPH COOPER CO. Statement of Retained Earnings 11850 Add: Net Income /(Loss) 2220 14070 Less : Dividends 3540 Dividends $ 10530 e Textbook and Media List of Accounts 11 of 14 -11 Prepare a classified balance sheet. (List current assets in order of liquidity.) JOSEPH COOPER CO. Balance Sheet Assets Current Assets Cash $ Accounts Receivable Prepaid Rent Total Current Assets Property, Plant and Equipment Equipment 18590 Less : Accumulated Depreciation Equipment 5435 Total Assets Liabilities and Stockholders' Equity Total Liabilities and Stockholders' Equity Accounts Payable Notes Payable Interest Payable Question 11 of 14 Total Current Assets Property, Plant and Equipment Equipment Less : 18590 Accumulated Depreciation Equipment Total Assets 5435 $ Liabilities and Stockholders' Equity Total abilities and Stockholders' Equity Accounts Payable Notes Payable Interest Payable Total Stockholders' Equity + e Textbook and Media