ABC Corporation Balance Sheat For the Period Ending December 31, 2017 Assets \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ Current Assets } \\ \hline \begin{tabular}{l} Cash \\ Accounts Receivable \end{tabular} & 5 & 4,500.00 \\ \hline Inventory & A & \\ \hline Prepaid Expenses & & 7,750.00 \\ \hline Total Current Assets & $ & 35,500.00 \\ \hline Fixed Assets & $ & 119,000.00 \\ \hline Land & & 87,500.00 \\ \hline \begin{tabular}{l} Equipment \\ Less Accumulated Depreciation - Equipment \end{tabular} & & (5,000.00) \\ \hline Total Fixed Assets & B & \\ \hline Total Assets & C & \\ \hline \end{tabular} Liabilities \& Equity Current Liabilities Accounts Payable Accrued Liabilities Deferred Income Total Current Liabilities \begin{tabular}{rr} $ & 17,000.00 \\ 6,500.00 \\ 1,500.00 \\ \hline \end{tabular} D Long Term Liabilities Notes Payable Total Long Term Liabilities Total Liabilities. \begin{tabular}{|l|} \hline E \\ \hline F \\ \hline G \\ \hline \end{tabular} Equity Paid-In Capital Retained Earnings Total Equity Total Liabilities \& Equity