A partially completed balance sheet for Blue Co., Inc., as of October 31, 2013, follows. 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 $4,300; $670 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 $15,000 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.c. The land cost Blue Co. $13,000; it was recently assessed for real estate tax purposes at a value of $17,000.d.Blue Co.'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 $30,000, and dividends to stockholders have totaled $22,000. N Answer is complete but not entirely correct. Blue Co., Inc. Balance Sheet ints Assets October 31, 2013 Liabilities and Stockholders Equity $ 950 Note payable 4,300 > Accounts payable Cash $ 11,680 Accounts receivable 3 600 Land 13,000 Total liabilities 15.200 X 15,000 Automobile Less: Accumulated Depreciation 5,000 Stockholders' Equity 9,330 X Common stock 4,300 Retained earnings Total stockholders' equity Total liabilities and stockholders equity 8.000 12 300 Total assets $ 27,580 $ 27,580