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2. Given the following account information for Tic Corporation, prepare a balance sheet in report form for the company as of December 31, 2019. All

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2. Given the following account information for Tic Corporation, prepare a balance sheet in report form for the company as of December 31, 2019. All accounts have normal balances: Equipment 85,000 Interest Payable 3,000 Retained Earnings, 12/31/2019 Land 370,130 Accounts Receivable 35,460 Bonds Payable 58,000 Notes Payable (due in 2 years) 30,000 Common Stock 80,000 Preferred Stock 290,600 Accumulated Depreciation - Equip. 17,000 Prepaid Advertising 26,500 Buildings 100,000 Supplies 7,540 Income Taxes Payable 8,850 Salaries and Wages Payable 10,000 Accumulated Depr. - Building 20,000 Cash 47,600

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