6 ebook A partially completed balance sheet for Blue Co. Inc as of October 31, 2019, is presented. Where amounts are shown for various items the amounts are correct. Required: Using the following data, complete the balance sheet. a. Blue Co's records show that current and former customers owe the firm a total of $4,100: 5680 of this amount has been due for more than a year from two customers who are now bankrupt. b. The automobile, which is still being used in the business, cost $17700 new; a used car dealer's Blue Book shows that it is now worth $10,000, Management estimates that the car has been used for one-third of its total potential use. (The car is being depreciated using the straight-line method.) c. The land cost Blue Co. $14.000; it was recently assessed for real estate tax purposes at a value of $18,000 d. Blue Coi's president isn't sure of the amount of the note payable, but he does know that he signed a note. e. Since Blue Co. was formed, net income has totaled $32.000, and dividends to stockholders have totaled $21,500. (Enter decreases with a minus sign to indicate a negative financial statement effect.) BLUE CO. INC. Balance Sheet October 31, 2019 Assets Liabilities and Stockholders' Equity Cash $ 950 Note payable Accounts receivable Accounts payable 3.500 | Land Total liabilities Automobile Les Accumulated depreciation Stockholders' Equity Common stock 5500 Retained ang TAN no