1. Use the appropriate items from the following list to prepare in good form Owen Davis Company's balance sheet at December 31, 2012.

Item December 31, 2021

Accounts payable $ 220

Item December 31, 2021

Inventories $ 375

Land 100

Accounts receivable 450

Accruals 55

Accumulated depreciation 265

Buildings 225

Cash 215

Common stock (at par) 90 par 360

Cost of goods sold 2,500

Preferred stock 100

Retained earnings 210

170

Sales revenue 3,600

Long-term debts 420

Machinery 420

Marketable securities 75

Notes payable 475

Paid-in capital in excess of

Depreciation expense 45

Equipment 140

Furniture and fixtures

General expense 320