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The adjusted trial balance forArmani Production at December 31, 2020, contains the following accounts: Copyright American College Account title Amount Account title Patents 14,500 Share

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The adjusted trial balance forArmani Production at December 31, 2020, contains the following accounts: Copyright American College Account title Amount Account title Patents 14,500 Share capital - ordinary Accounts receivable 8,000 Retained earnings Prepaid rent 2,250 Land Cash 18,000 Accumulated depreciation- Machinery Machinery 55,000 Long-term loanpayable Amou nt 85,000 11,000 23,000 13,700 50,000 Instructions Prepare a classified statement of financial position - Assets part only

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