1. Prepare a balance sheet as of December 31, 2020, for the Diablo Co., from the following information: Cash Machinery and equipment Inventory Accounts receivable Furniture Prepaid Insurance Common stock Accounts payable Retained earnings - prior year Retained earnings - current year Accumulated depreciation Accrued expenses $14,58060,00024,00097,50045,00024,200120,00094,00015,000?19,0008,300