The adjusted trial balance for Lloyd Construction as of December 31, 2020, follows:

No.	Account		Debit			Credit
101	Cash	$	16,700
104	Short-term investments		21,700
126	Supplies		8,300
149	Notes receivable		45,500
167	Equipment		85,000
168	Accumulated depreciation, equipment				$	41,500
173	Building		267,000
174	Accumulated depreciation, building					144,500
183	Land		89,500
193	Franchise		34,500
201	Accounts payable					17,700
203	Interest payable					140
233	Unearned professional revenue					27,700
251	Long-term notes payable					139,000
301	Amar Lloyd, capital					98,360
302	Amar Lloyd, withdrawals		3,700
401	Professional revenue					213,480
406	Rent revenue					29,500
606	Depreciation expense, building		20,700
612	Depreciation expense, equipment		8,700
623	Wages expense		64,700
633	Interest expense		680
637	Insurance expense		18,700
652	Supplies expense		13,500
688	Telephone expense		5,100
690	Utilities expense		7,900
	Totals	$	711,880		$	711,880

An analysis of other information reveals that Lloyd Construction is required to make a $48,500 payment on the long-term notes payable during 2021. The notes receivable are due May 1, 2022. Also, Amar Lloyd invested $82,000 cash early in 2020. Prepare an income statement for the year ended December 31, 2020.

Prepare a balance sheet at December 31, 2020.

LLOYD CONSTRUCTION Income Statement For Year Ended December 31, 2020 Revenues Total revenues Operating expenses: Total operating expenses Prepare a statement of changes in equity for the year ended December 31, 2020. LLOYD CONSTRUCTION Statement of Changes in Equity For Year Ended December 31, 2020 Amar Lloyd, capital, January 1 Total Amar Lloyd, capital, December 31 LLOYD CONSTRUCTION Balance Sheet December 31, 2020 Assets Current assets: Total current assets Non-current investments: Property, plant and equipment: Building Equipment Total property, plant and equipment Intangible assets: Total assets Liabilities Current liabilities: Total current liabilities Non-Current Liabilities: Total liabilities Equity Total liabilities and equity