a. b. c. d. e. Hart has $22,000 in his personal bank account and $65,000 in the business bank account. Hart owes $4,500 on a personal charge account at a local department store. Hart acquired business furniture for $20,600 on September 24. Of this amount, the business owes $2,000 on accounts payable at September 30. Office supplies on hand at the real estate office total $1,000. Hart's business owes $104,000 on a note payable for some land acquired for a total price of $168,000. Hart's business spent $23,000 for a Realty Region franchise, which entitles him to represent himself as an agent. Realty Region is a national affiliation of independent real estate agents. This franchise is a business asset. Hart owes $193,000 on a personal mortgage on his personal residence, which he acquired in 2014 for a total price of $354,000. f. g. Requirement 2. Does it appear that the realty business can pay its debts? How can you tell? The business can pay its debt, as assets are greater than liabilities. Requirement 3. Identify the personal items given in the preceding facts that should not be reported on the balance sheet of the business. (If an input field is not used in the table leave the field empty; do not select a label or enter a zero.) Personal financial information of Jose Hart Charge Account Notes payable Mortgage payable Residence Jose Hart is a realtor. He organized his business as a corporation on September 16, 2022. The business received $60,000 cash from Hart and issued common stock. Consider the following facts as of September 30, 2022: i (Click the icon to view the facts.) Read the requirements. Requirement 1. Prepare the balance sheet of the real estate business of Jose Hart Realtor, Inc., at September 30, 2022. (Do not classify the balance sheet into current and long-term sections. In the first part complete the assets section of the balance sheet. In the second part complete the liabilities and stockholders' equity section of the balance sheet. If an input field is not used in the balance sheet leave the field empty; do not select a label or enter a zero.) Jose Hart Realtor, Inc. Balance Sheet September 30, 2022 Assets Liabilities Cash Office supplies Accounts payable Notes payable Total liabilities 6500 Land Furniture Stockholders' Equity Franchise Common stock Retained earnings Retained earnings Total stockholders' equity Total assets Total liabilities and stockholders' equity