20 2. Balance sheet presentation (20 points). Given the following account information for Leong Corporation, prepare a balance sheet in report form for the company as of December 31, 2020. All accounts have normal balances. (Some accounts are income statement items) Equipment Interest Expense 70,000 2,400 Retained Earnings ? Dividends 50,400 Land 137,320 DB Accounts Receivable 102,000 Bonds Payable 78,000 Common Stock 70,000 Accumulated Depreciation - Equip. 10,000 Supplies 1,860 Income Taxes Payable 3,000 Advertising Expense 1,560 Salaries and Wages Expense 53,040 Salaries and Wages Payable 900 Cash 50,000 Depreciation Expense Equipment 8,000 70,000 Interest expense 2400 50 400 Dividends Land 137320 Acct receivable Bonds payable 102000 118000 Common stock 70,000 Acc depreciation 10000 Supplies 1860 income taxes 3000 payable Advertising expense Sallanes & wage expense gayable 1560 55040 AX 765