The adjusted trial balance for Impressions Dance School has been provided for the year ended September 30, 2020. The new bookkeeper alphabetized the accounts. Account Accounts payable Accounts receivable Accumulated depreciation, automobiles Accumulated depreciation, building Alisha Bjorn, capital Alisha Bjorn, withdrawals Automobiles Building Cash Copyright Depreciation expense, automobiles Depreciation expense, building Dance lesson revenue Gas, oil, and repairs expense Land Land for future expansion Notes payable* Brand name Rent revenue Salaries expense Store supplies Unearned revenue Totals Debit Credit $ 22,580 $ 13,400 39,260 163,500 168,960 12,000 70,500 235,000 11,500 6,800 7,000 28,300 154, 180 29,500 ,800 49,000 89,000 8,700 20,900 173,000 4,280 23,400 $681,780 $681,780 *The notes payable plus interest are due in 18 months. The owner made no investments during the year. Prepare an income statement for the year ended September 30, 2020. IMPRESSIONS DANCE SCHOOL Income Statement For Year Ended September 30, 2020 Revenues: Total revenues Operating expenses: Total operating expenses Prepare a statement of changes in equity for the year ended September 30, 2020. IMPRESSIONS DANCE SCHOOL Statement of Changes in Equity For Year Ended September 30, 2020 Alisha Bjorn, capital, October 1 Alisha Bjorn, capital, September 30 Prepare a classified balance sheet at September 30, 2020. IMPRESSIONS DANCE SCHOOL Balance Sheet September 30, 2020 Assets Current assets: Total current assets Long-term investments: Property, plant and equipment: Building Automobiles Total property, plant and equipment Intangible assets: Total assets Liabilities Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Equity Total liabilities and equity