3 BALANCE SHEET Review balance sheet and critique the presentation of the information on the 1. report. Assets Liabilities Cash 49,000 Accounts receivable 20,000 Accounts payable 15,000 Wages payable 4.000 Supplies 5,000 24,000 Equipment 50,000 Stockholders' Equity Common Stock 50,000 Retained earnings 40,000 Revenue 45,000 Expenses (30,000) Total S/H Equity 105,000 Total Assets 119,000 Total Liab. & S/H Equity 129,000