1. The accounts have been provided to you for Ethans DJ company Beats by E. He needs you to prepare a classified balance sheet for his year ended May 30, 2020.

Cash	$34,200	Accounts Receivable	$5,000
Automobile	43,500	Drawings	4,200
Supplies Expense	4,800	Accounts Payable	21,500
Prepaid Insurance	20,300	Insurance Expense	5,000
Unearned Revenue	4,200	Service Revenue	23,400
Capital	109,000	Supplies	6,500
Utilities Expense	3,500	Salaries Expense	5,200
Bank Loan (4 year loan)	19,300	Computer Equipment	45,200