A company has the following activity: A. $500 is contributed by Suzy Owner to start her new business, a small retail store. B. Suzy uses $100 to purchase inventory for her new store C. During the first month of operations, Suzy sells inventory to customers for $500. Suzy originally purchased this inventory for $100 D. During the first month of operations, Suzy incurs the following expenses: Rent $100 Advertising $25 Wages paid to employee for helping with the store $150 E.. During the first month of operations, Suzy obtains a small loan from her locat bank in

Required: Prepare a Balance Sheet as of the end of the first month that reflects the activity that occurred during the first month of opertions.