The adjusted balances at December 31, 2020, for Derlak Enterprises are shown in alphabetical order below:

		2020			2019
Accounts payable	$	63,800		$	11,000
Accumulated amortization, franchise		20,600			12,600
Accumulated amortization, patent		4,000			2,800
Accumulated depreciation, equipment		79,800			66,500
Accumulated depreciation, tools		49,000			49,400
Accumulated depreciation, vehicles		110,200			108,800
Cash		16,000			30,200
Equipment		198,000			100,000
Franchise		55,600			55,600
Lee Derlak, capital*		210,320			45,620
Lee Derlak, withdrawals		46,000			38,400
Notes payable, due in 2023		163,000			148,600
Office supplies		3,800			3,720
Operating expenses		782,200			572,600
Patent		30,000			30,000
Prepaid rent		35,000			48,000
Salaries payable		36,300			23,700
Service revenue		844,500			775,700
Tools		150,920			102,200
Vehicles		264,000			264,000

*The owner, Lee Derlak, made no additional investments during the year. Required: Prepare a comparative classified balance sheet at December 31, 2020. (Record the accounts in the given order. Enter all amounts as positive values.)

Analysis Component: Are Derlak's assets financed mainly by debt or equity in 2019? in 2020? Is the change in how assets were financed from 2019 to 2020 favourable or unfavourable?