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Montalvo Bionics showed the following alphabetized unadjusted trial balance at April 30 2020 Account Accounts payable Accounts receivable Accumulated depreciation, furniture Accumulated depreciation machinery Allowance for doubtful accounts Cash Expenses Furniture Josh Montalvo capital Josh Montalvo, withdrawals Machinery Note payable Patent Prepaid rent Revenues Unearned revenue Dalance $ 5,100 17,700 10,230 20,240 1,050 10.500 89,700 23,100 36,670 4,300 51,600 15,000 26.100 17,460 226,200 5,010 Other information 3. All accounts have normal balances b. The furniture was depreciated using the straight line method and had a useful life of five years and residual value of zero c. The machinery was depreciated using the double-declining balance method and had a useful life of 10 years and residuol volue of $28,500 d. The patent was purchased on November 2, 2019, and is expected to be used for 15 years, after which it will have no value e. The balance in Prepaid Rent represents rent from June 1, 2019 to May 31 2020 1. $6,900 of the note payable will be paid by April 30, 2021 Required: Prepare a classified balance sheet at April 30, 2020 (Do not round Intermediate calculations. Be sure to list the assets and Tiabilities in order of their liquidity) MONTALVO BIONICS Balance Sheet April 30, 2020 Assets Current assets Cash Accounts receive $ 17.700 Add Allowance for doublu accounts (1.050) 5 10.500 16.650 Balance Sheet April 30, 2020 Assets Current assets Cash $ 10,500 $ Accounts receivable Add. Alowance for doubtful accounts Prepaid rent 17 700 (1050) 16,650 1,455 $ 28,605 23106 Total current assets Property, plant and equipment Furniture Less Accumulated depreciation Machinery Less Accumulated depreciation Total property, plant and equipment Intangible assets 0 Total assets $ 28,605 Liabilities Current liabilities Total current liabilities Non-current liabilities $ 0 Total liabilties Equity Total abilities and equity $

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