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The adjusted trial balance for Lloyd Construction as of December 31, 2020, follows: No. Account Debit Credit 101 Cash $ 16,300 104 Short-term investments 21,

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The adjusted trial balance for Lloyd Construction as of December 31, 2020, follows: No. Account Debit Credit 101 Cash $ 16,300 104 Short-term investments 21, 300 126 Supplies 7,900 149 Notes receivable 43,500 167 Equipment 81, 600 168 Accumulated depreciation, equipment $ 39,500 173 Building 263, 080 3-30 174 Accumulated depreciation, building 142, 500 183 Land 87, 500 193 Franchise 32,500 201 Accounts payable 17,300 203 Interest payable 130 233 Unearned professional revenue 27,300 251 Long-term notes payable 135, 090 301 Amar Lloyd, capital 94, 730 302 Amar Lloyd, withdrawals 3,300 401 Professional revenue 209,480 406 Rent revenue 27,500 606 Depreciation expense, building 20, 300 612 Depreciation expense, equipment 8, 300 623 Wages expense 64,300 633 Interest expense 640 637 Insurance expense 18,300 652 Supplies expense 13, 100 688 Telephone expense 4,700 690 Utilities expense 7,500 Totals $693, 440 $693, 440 An analysis of other information reveals that Lloyd Construction is required to make a $48,000 payment on the long-term notes payable during 2021. The notes receivable are due May 1, 2022. Also, Amar Lloyd invested $78,000 cash early in 2020. Required: Prepare the closin

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