Take me to the text Jung Corporation has the following account balances at August 31, 2020. Using this information, prepare a classified balance sheet as at August 31, 2020 under ASPE. Account Title Balance Accounts Payable $40,200 Accounts Receivable $45,700 Accumulated Depreciation $10,400 Cash $18,400 Common Shares $40,400 Merchandise Inventory $62,100 Notes Payable $110,000 Preferred Shares $59,900 Prepaid Rent $12,300 Property, Plant and Equipment $222,400 Retained Earnings $96,600 Unearned Revenue $3,400 Notes: Unlimited common shares are authorized and 2,300 have been issued and are currently outstanding, For preferred shares. 12,000 shares are authorized and 4 800 have been issued and are currently outstanding. Each share pays a cumulative dividend of $3 annually The notes payable is payable over 6 years and $18,333 will be paid by August 31, 2021. Jung Corporation Balance Sheet As at August 31, 2020 Assets Current Assets Cash 18400 Accounts Receivable 45700 Prepaid Rent 12300 Merchandise Inventory 62100 Total Current Assets 138500 Property, Plant and Equipment (net) 222400 Total Assets 360900 Liabilities Current Liabilities 40200 Accounts Payable 3400 DANAS Notes Payable, Current Portion 110000 Total Current Liabilities 153600 Long-Term Liabilities Notes Payable, Long-Term Portion Total Liabilities Shareholders' Equity Contributed Capital Preferred Shares, authorized issued Common Shares, unlimited authorized, issued Total Contributed Capital Retained Earnings otal Shareholders' Equity iabilities & Shareholders Equity