the adjusted trial balance of banana Co. on December 31, 2020 follows

Bnan co trial balance

December 31, 2020

Debit credit

cash 3000

accounts receivable 3200

office supplies 100

equipment 6000

accumulated depreciation / equipment 1500

land 7000

account payable 1000

salaries payable 300

interest payable 2500

notes payable 1000

banan capital 13000

banan withdrawing 9000

service revenue 21500

rent expenses 8000

supplies expenses 500

depreciation expenses - equipment 1000

interest expense 3000

total 40800 43800

requirements:

a) prepare the income statement for the year ended december 31, 2020

b) prepare the classified balance sheet on december 31, 2020