Tableau DA 4-3: Mini-Case, Preparing a classified balance sheet LO P1, P4 As owner of Telo, a startup business, you are struggling to generate enough gross profit to compete with Creft and Wozz. Also, your business frequently runs low on cash. To help determine how to fix these issues, you review the following Tableau Dashboard. Sales and Costs for Competing Companies Telo Creft Wozz $100,000 $80,000 $60,000 $40,000 $20,000 Sales discounts Sales Sales returns & allowances Cost of goods sold discounts Sales returns allowances cost of pios spoob Sales returns Telo's Assets Amounts December 31 Credit Terms (Days) Supplies Accounts receivable Telo Land Creft Inventory Wozz Buildings Cash 0 10 20 30 40 50 60 70 Telo's Liabilities & Equity Amounts at December 31 Customer Return Policies Across Competitors Retained Earnings Wages payable Common Stock Creft Telo Notes payable Accounts payable Wozz 1. Prepare Telo's classified balance sheet as of December 31. 2. Which of following actions would increase the amount of cash available to Telo? 3. Which one of the following actions would most likely reduce sales returns and allowances