Below is the account information for UMPI Corporation. Prepare aclassified balance sheet in report form for the company as ofDecember 31, 2018. Prepare a balance sheet as of December 31,2020.
Equipment 60,000
Interest Payable 250
Retained Earnings ?
Dividends Payable 50,000
Land 140,000
Accounts Receivable 102,000
Bonds Payable (long-term) 78,000
Notes Payable (due in 6 months) 29,000
Common Stock 70,000
Accumulated Depreciation - Equip. 10,000
Prepaid Advertising 5,000
Buildings 80,000
Supplies 1,000
Income Taxes Payable 3,000
Salaries and Wages Payable 900
A/D - Building 15,000
Cash 95,000
