#2 32 marks, suggested time 19 minutes You are presented with the following accounts and balances for Maple Inc. at December 31, 2021. Maple's net income for the year is $67.500. In the space below, you are to prepare in proper format a balance sheet (statement of financial position) for Maple Inc. at December 31, 2021. You are not required to prepare a Statement of Changes in Equity, but you must calculate ending retained earnings that will be shown on the balance sheet. There is a grid below for the balance sheet. There are extra rows in the grid. You can click on the grid to make it larger on your screen. Accounts payable Accounts receivable Accumulated depreciation, equipment Cash Common shares Depreciation expense Dividends declared Equipment Income tax expense Interest expense interest payable Note payable Operating expenses Retained earnings, January 1 Salaries expense Salaries payable Sales revenue Supplies expense Supplies inventory 3,500 8,000 10,000 14,000 5,000 5,000 1,000 100,000 12,000 2,000 500 30,000 40,000 2,000 55,000 5,000 185,000 3.500 500 * Additional information 1. $400 of common shares were issued during the year. 2. $5,000 of the note payable must be paid in 2022. Maple Inc. Balance Sheet December 31, 2021 ASSETS Current Assets: Total current assets Capital Assets: Total capital assets Total assets Maple Inc. Balance Sheet December 31, 2021 ASSETS Current Assets: Total current assets Capital Assets: Total capital assets Total assets LIABILITIES Ourrent liabilities: Total current liabilities Long-term liability Total liabilities SHAREHOLDERS' EQUITY Total shareholders' equity Total liabilities and shareholders' equity