3 These items are taken from the financial statements of Sheridan Co. at December 31, 2027. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2027) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue

$120,612 14,364 3,648 13,498 93,936 69,768 889 6,042 2,964 68,400 45,600 51,984 10,830 106,704 21,341 4,104 16,758

Module1-Assignment2 Question 3 of 7 Cash Accounts Receivable Prepaid Insurance Total Current Assets Property, Plant, and Equipment Land Buildings Less : Accumulated Depreciation-Buildings Equipment Less : Accumulated Depreciation-Equipment Total Assets Stream 12j Balance Sheet December 31, 2027 Assets $ $ Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Interest Payable Notes Payable Current Portion Total Current Liabilities $ Long-Term Liabilities Notes Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings stream Calendar More Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity eTextbook and Media List of Accounts Save for Later Last saved 1 day ago. Attempts: 0 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. Stream Courses Calendar More Module1-Assignment2 Question 3 of 7 Cash Accounts Receivable Prepaid Insurance Total Current Assets Property, Plant, and Equipment Land Buildings Less : Accumulated Depreciation-Buildings Equipment Less : Accumulated Depreciation-Equipment Total Assets Stream 12j Balance Sheet December 31, 2027 Assets $ $ Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Interest Payable Notes Payable Current Portion Total Current Liabilities $ Long-Term Liabilities Notes Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings stream Calendar More Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity eTextbook and Media List of Accounts Save for Later Last saved 1 day ago. Attempts: 0 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. Stream Courses Calendar More