URGENT HELP NEEDED!!!!

The accounts for XYZ, Inc. as of Dec. 31, 2020, Inc. are shown below: Cash 40,000 A/R 41,500 Allow. For Bad Debts 250 40,700 Inventory Long-Term Investments Equipment Accum. Dep. - Equip. A/P 15,000 190,000 51,000 31,000 LT Note Payable 70,000 8,000 7,000 6,500 Wages Payable Utilities Payable Property Taxes Payable Capital Stock, $10 par Retained Earnings Sales 40,000 67,100 Sales Returns 322,000 7,500 4,500 206,250 Sales Discounts Cost of Goods Sold Selling Expenses Office Expenses Insurance Expense 45,000 6,000 3,000 5,000 Supplies Expense Taxes - Real Estate and Payroll 7,200 Interest Revenue 12,000 Miscellaneous Expense 3,200 Additional information for 2020 adjusting entries: a) XYZ uses a perpetual inventory system b) An aging of A/R calculates uncollectible accounts of $1000. c) Equipment is depreciated at 10% per year, no depreciation has been recorded for 2020 to date. d) A recheck of the inventory count revealed that goods costing $4000 were excluded from ending inventory; and a book to physical adjustment was NOT made. The goods in question were shipped on January 3, 2021. A related receivable for $6400 was also mistakenly recorded in 2020. e) 2020 interest on the note payable has not been accrued. The 5 year note was issued on March 1, 2020, and has a simple interest rate of 12%. Principal and interest are due upon maturity. f) The balance in Insurance Expense represents $3,000 that was paid for a 1- year policy on October 1. The policy went into effect on October 1. g) Dividends totaling $7,800 were declared on December 25. The dividends will not be paid until January 15, 2021. No entry was made. h) Accrued interest on long-term investments is $240. i) Income taxes are estimated to be 20% of the income before income taxes. j) There are 50,000 shares authorized. Add accounts as necessary. 1) Prepare a balanced trial balance (5 points, note: not balanced -5) 2) Journalize the adjusting entries for 2020. (18 points) 3) Prepare a multi-step income statement, statement of retained earnings and classified balance sheet for 2020. (19 points; note: unbalanced balance sheet -5) 4) Journalize the closing entries.(6 points) 5) Calculate the current ratio and comment on the strength/weakness of this ratio. (2 points)