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20. Use the following information given on December 31 for ABC company to prepare a balance sheet. Accounts Receivable 22,000 Goodwill 16,000 Building 142,000

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20. Use the following information given on December 31" for ABC company to prepare a balance sheet. Accounts Receivable 22,000 Goodwill 16,000 Building 142,000 Accrued Expenses 4,000 Cash 38,000 Short-term Notes Payable 25,000 Salary Expense 22,000 Cost of Goods Sold 52,000 Accounts Payable 37,000 Long-term Investments 35,000 Equipment 86,000 Common Stock 1,000 Retained Earnings ?? Interest Income 2,000 Prepaid Expenses 2,000 Inventory 62,000 Sales 123,000 Dividends paid 25,000 Accumulated Deprec. 32,000 Rent Income 1,200

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