The financial statement columns of the worksheet for Audio For Less at December 31, 2010, are as follows: 
Instructions
(a) Calculate the balance of R. Eakin, Capital that would appear on a balance sheet at December 31, 2010.
(b) Prepare a classified balance sheet for Audio For Less at December 31, 2010 assuming the note payable is a long-term liability.
Definitions:
Background
The part of a work of art, photograph, or scene situated behind the main objects, giving context or additional detail.
WordArt Gallery
A collection of stylized text effects that can be added to documents, presentations, or web pages to enhance their visual appeal.
Convert Existing
The process of changing one format, system, or style into another, applied to already existing files, documents, or data.
Background Feature
An aspect of software or a device that operates behind the scenes or is not in the immediate view of the user interface.
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