Taylor Services' financial accounting information for the year ending March 31, 2022 is presented below. Assume all accounts have a normal balance.

Cash	$ 8,960
Equipment	$ 36,020
Accounts Payable	$ 4,650
Accounts Receivable	$ 3,820
Accumulated Depreciation	$ 680
Unearned Revenue	$ 330
Merchandise Inventory	$ 7,880
Prepaid Insurance	$ 2,460
Bank Loan	$ 30,000
Taylor, Capital	$ 23,480

The bank loan is payable over 5 years and $6,000 will be paid by March 31, 2023.

Required

Prepare a classified balance sheet using the balances listed above.

Do not enter dollar signs or commas in the input boxes. For accumulated depreciation, do not enter a negative sign before the number.

Select accounts according to their classification. If more than one account is used under a classification, enter them in the order of appearance in the list above. For example, if cash and accounts receivable are both current assets, choose cash for the first drop down menu, and accounts receivable for the second.

Taylor Services Classified Balance Sheet As at March 31, 2022
Assets
Current Assets
AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank Loan, Current PortionBank Loan, Long-Term PortionCashEquipmentMerchandise InventoryPrepaid InsuranceTaylor, CapitalUnearned Revenue	Answer
AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank Loan, Current PortionBank Loan, Long-Term PortionCashEquipmentMerchandise InventoryPrepaid InsuranceTaylor, CapitalUnearned Revenue	Answer
AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank Loan, Current PortionBank Loan, Long-Term PortionCashEquipmentMerchandise InventoryPrepaid InsuranceTaylor, CapitalUnearned Revenue	Answer
AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank Loan, Current PortionBank Loan, Long-Term PortionCashEquipmentMerchandise InventoryPrepaid InsuranceTaylor, CapitalUnearned Revenue	Answer
Total Current Assets		Answer
Property, Plant, and Equipment
AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank Loan, Current PortionBank Loan, Long-Term PortionCashEquipmentMerchandise InventoryPrepaid InsuranceTaylor, CapitalUnearned Revenue	Answer
AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank Loan, Current PortionBank Loan, Long-Term PortionCashEquipmentMerchandise InventoryPrepaid InsuranceTaylor, CapitalUnearned Revenue	Answer
Total Property, Plant, and Equipment		Answer
Total Assets		Answer
Liabilities
Current Liabilities
AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank Loan, Current PortionBank Loan, Long-Term PortionCashEquipmentMerchandise InventoryPrepaid InsuranceTaylor, CapitalUnearned Revenue	Answer
AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank Loan, Current PortionBank Loan, Long-Term PortionCashEquipmentMerchandise InventoryPrepaid InsuranceTaylor, CapitalUnearned Revenue	Answer
AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank Loan, Current PortionBank Loan, Long-Term PortionCashEquipmentMerchandise InventoryPrepaid InsuranceTaylor, CapitalUnearned Revenue	Answer
Total Current Liabilities		Answer
Long-Term Liabilities
AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank Loan, Current PortionBank Loan, Long-Term PortionCashEquipmentMerchandise InventoryPrepaid InsuranceTaylor, CapitalUnearned Revenue	Answer
Total Long-Term Liabilities		Answer
Total Liabilities		Answer
Owner's Equity
AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank Loan, Current PortionBank Loan, Long-Term PortionCashEquipmentMerchandise InventoryPrepaid InsuranceTaylor, CapitalUnearned Revenue		Answer
Liabilities and Owner's Equity		Answer