1. From the partial work sheet, prepare a balance sheet. \begin{tabular}{|lrrr} \hline Supplies & 343 \\ \hline Prepaid Insurance & 802 \\ Office Equipment & 3,440 & \\ Accum. Depr.-Office Equipment & & 196 \\ Accounts Payable & & 1,014 \\ Wages Payable & & 302 \\ \hline Ed Major, Capital & & 4,020 \\ Ed Major, Drawing & & \\ Advising Fees & & & \\ Wages Expense & & 4,170 & \\ Advertising Expense & 738 & & \\ Rent Expense & 94 & & \\ Supplies Expense & 519 & & \\ \hline \end{tabular}