The unadjusted trial balance of Splish Brothers Inc., a private company following ASPE, contained the following accounts at November 30, the company's fiscal year end: Splish Brothers Inc. Trial Balance November 30, 2020 Debit Credit Cash $ 25,700 Accounts receivable 72,160 Inventory 92,400 Supplies 7.570 Equipment 198,000 Accumulated depreciation equipment $ 75,680 Vehicles 112,640 Accumulated depreciation-vehicles 34.320 Notes payable 74,800 Accounts payable 69,080 Common shares 264,000 Common shares 264.000 Retained earnings 33,450 Sales revenue 836.180 Sales returns and allowances 21,300 Cost of goods sold 538,120 Salaries and wages expense 132.000 Advertising expense 40,830 Utilities expense 21,120 Repairs and maintenance expense 28.250 Travel expense 41,100 Rent expense 56,320 $ 1,387,510 $ 1,387,510 Adjustment data: 1. Supplies on hand totalled $ 2,730. 2 Depreciation is $ 35,200 on the store equipment and $ 26,400 on the delivery trucks. Adjustment data: 1. Supplies on hand totalled $ 2,730. 2. Depreciation is $ 35,200 on the store equipment and $ 26,400 on the delivery trucks. 3. Interest of $7.920 is accrued on notes payable at November 30. Additional information: 1 Salaries and wages expense is 80% selling and 20% administrative. 2. Rent expense and utilities expense are 80% selling and 20% administrative. 3. Of the notes payable, $ 30,800 is due for payment next year. 4. Repairs and maintenance expense is 100% administrative, 5. Expenses pertaining to travel, advertising and supplies are 100% selling. 6. The income tax rate for the company is 20%. No taxes have been accrued or paid during the year. Prepare a classified statement of financial position as at November 30, 2020. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Equipment and Vehicles.) SPLISH BROTHERS INC. Statement of Financial Position v For the Quarter Ended November 30, 2020 November 30, 2020 For the Year Ended November 30, 2020 Prepare a classified statement of financial position as at November 30, 2020. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Equipment and Vehicles.) SPLISH BROTHERS INC. Statement of Financial Position Assets Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, plant and Equipment Shareholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Shareholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property. Plant and Equipment Total Shareholders' Equity Assets $ $ Assets $ $ $ $ $ Liabilities and Shareholders' Equity $ S $ Prepare a classified statement of financial position as at November 30, 2020. (List Current Assets in order of liquidity. List Property Plant and Equipment in order of Equipment and Vehicles.) SPLISH BROTHERS INC. Statement of Financial Position Assets $ Liabilities and Shareholders' Equity SPLISH BROTHERS INC. Statement of Financial Position Assets $ $ $ Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity $ Liabilities and Shareholders' Equity $ S