5 The accounting records of LeClaire Delivery Services show the following assets and liabilities as of the end of 2023 and 2022: Cash Accounts receivable office supplies Trucks office equipment Land Building Accounts payable Notes payable December 31 2023 2022 $ 12,075 $ 28,950 12,975 16,050 2,550 3,150 45,000 45,000 91,500 87,000 40,500 108,000 21,450 70,500 4,650 During December 2023 the owner, Jess LeClaire, purchased a small office building and moved the business from rented quarters to the new building. The building and the land it occupies cost $148.500. The business paid $78,000 in cash and a note payable was signed for the balance. LeClaire had to invest $19,300 cash in the business to enable it to pay the $78,000. The business earned a profit during 2023, which enabled LeClaire to withdraw $3,300 per month from the business for personal expenses. Required: 1-a. Prepare balance sheet for the business as of the end of 2022. LECLAIRE DELIVERY SERVICES Balance Sheet December 31, 2022 Assets Liabilities Equity Pre 55 Next 1-b. Prepare balance sheet for the business as of the end of 2023. LeCLAIRE DELIVERY SERVICES Balance Sheet December 31, 2023 Total assets Assets Liabilities Total liabilities Equity Total liabilities and equity ints 5 2. Prepare a calculation to show how much profit was earned by the business during 2023. Calculation of profit for 2023: Jess LeClaire, Capital December 31, 2022 Print Jess LeClaire, capital December 31, 2023 Analysis Component: Compare the Increase in assets from December 31, 2022, to December 31, 2023, and complete the following table. Increase in assets: Increase in Assets financed by debt Increase in Assets financed by equity Pre 5 of 5 Next