A. Prepare the balance sheet at December 31st using the report format.

B. Prepare the balance sheet at December 31st using the account format.

Earl Corporation provided the following acoount balances prepared at December 31st of the current year EE (Click the loon to view the Snancial data.) Account balances 1. Prepare the balance sheet at December 31st using the report format 2. Prepare the balance sheet at December 31st using the aocount format eequirement a. Prepare ine baiance sneet at uecemoer iusing tre repont format Begin by preparing the asset section of the balance sheet and then prepare the liabilitios and stockholders' equity DebitCredit $900,000 9,000 Additional paid-in capital aquity sectionDividands 395,000 336,000 920,000 Equipment under capital lease Intangible assets-net Merchandise inventory Inoome taxes payable Cash Notes payable, due in 10 years Acoumulated other comprehensive loss Current porion of long-term debt Property, plant, and equipment-net Investments in affiliate oompanies (noncurrent) Accounts receivable Bonds payable, due in 20 years Investments at fair value (current) Accounts payable Retained earnings Obligations under capital leases Obligations under pension plans Deferred tax Sability (noncurrent) Common stock, $1 par value Earl Corporation Balance Sheet At December 31 200,000 10,000 740,000 360,000 3,000,000 120,000 225,000 850,000 490,000 1,150,000 200,000 07,000 50,000 620,000 Choose from any list or enter any number in the input teids and then click Check