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Enjoy Limited is an education center that provides education services to students in Hong Kong. The financial year ends on 31 December. The trial balance on 1 January 2021 are as follows: During the year 2021, Enjoy Limited has the following transactions/events: a) Issued 50,000 shares of common stock for cash at a market value of $15 per share. Par value is $0.10 per share. b) Purchased $6,000 office supplies on credit. c) Provided $800,000 education services to students on account. d) Paid $3,000 cash for utility fees for the operations of Enjoy Limited. e) Provided $600,000 education services to students for cash. f) Paid $3,000 cash for office supplies purchased in b) g) Paid $40,000 cash for purchasing equipment. h) Received $600,000 cash for education services provided in c) i) Paid $50,000 cash for rent, of which $30,000 were for the operations in 2021 and the remainder was for the operations in year 2022. j) Jeff, one of the employees of Enjoy Limited, purchased a car worth $50,000 for the operation of the company. Enjoy Limited signed a note of $50,000 with Jeff. The due date is on 1 May 2023 (ignore interest). k) Lent $4,000 cash to Mary, one of the employees of Enjoy Limited, by signing a note. The due date is on 3 March 2022 . 1) Kenneth, one of parents living by Enjoy Limited, agrees to purchase $40,000 education services. m ) Received $120,000 cash for education services. $90,000 of the amount received were for the services provided in 2021 . Owning to $30,000 cash, the remaining amount received, students will be entitled to the education services in 2022. n) $10,000 education services were provided for cash received in 2020. o) Paid $10,000 cash in 2020 for insurance coverage in 2021 and 2022. $3,000 of the amount paid were for the coverage of year 2021. $7,000 of the amount paid were for the coverage of year 2022. p) $300 office supplies were remaining at the end of 2021 . 4) Prepare Classified Balance Sheet as at 31 December 2021

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