The following are the trial balance and the other information related to Kevin Consulting Engineer.

KEVIN CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2020 Debit Credit Cash $29,500 Accounts Receivable 55,700 Allowance for Doubtful Accounts $803 Supplies 2,300 Prepaid Insurance 1,120 Equipment 29,000 Accumulated Depreciation-Equipment 6,145 Notes Payable 7,200 Common Stock 10,000 Retained Earnings 23,254 Service Revenue 115,957 Rent Expense 10,439 Salaries and Wages Expense 32,900 Utilities Expenses 1,760 Office Expense 640 $163,359 $163,359

1. Fees received in advance from clients $5,890, which were recorded as revenue. 2. Services performed for clients that were not recorded by December 31, $4,928. 3. Bad debt expense for the year is $1,544. 4. Insurance expired during the year $437. 5. Equipment is being depreciated at 10% per year. 6. Kevin gave the bank a 90-day, 10% note for $7,200 on December 1, 2020. 7. Rent of the building is $803 per month. The rent for 2020 has been paid, as has that for January 2021, and recorded as Rent Expense. 8. Office salaries and wages earned but unpaid December 31, 2020, $2,718.

repare a classified balance sheet for 2020. (List current assets in the order of liquidity.)

KEVIN CONSULTING ENGINEER Balance Sheet December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
Assets
Current AssetsCurrent LiabilitiesIntangible AssetsLiabilitiesLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owners EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Stockholders' EquityTotal Property, Plant and Equipment
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AddLess:
Current AssetsCurrent LiabilitiesIntangible AssetsLiabilitiesLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owners EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Stockholders' EquityTotal Property, Plant and Equipment					$
AddLess:
Current AssetsCurrent LiabilitiesIntangible AssetsLiabilitiesLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owners EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Stockholders' EquityTotal Property, Plant and Equipment					$
Liabilities and Owners Equity
Current AssetsCurrent LiabilitiesIntangible AssetsLiabilitiesLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owners EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Stockholders' EquityTotal Property, Plant and Equipment
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Current AssetsCurrent LiabilitiesIntangible AssetsLiabilitiesLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owners EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Stockholders' EquityTotal Property, Plant and Equipment
Current AssetsCurrent LiabilitiesIntangible AssetsLiabilitiesLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owners EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Stockholders' EquityTotal Property, Plant and Equipment
Current AssetsCurrent LiabilitiesIntangible AssetsLiabilitiesLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owners EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Stockholders' EquityTotal Property, Plant and Equipmen