ABC Corporation Balance Sheet For the Period Ending December 31, 2017 Assets Current Assets Cash Accounts Receivable Inventory Prepaid Expenses Fixed Assets Land Equipment Total Current Assets Less Accumulated Depreciation - Equipment Total Fixed Assets Total Assets LA $ 17,500.00 4,500.00 A A 21,000.00 57.000.00 $ 175,000.00 $ B 42,000.00 (5,000.00) 212.000.00 Liabilities & Equity Current Liabilities Accounts Payable Accrued Liabilities $ 12,500.00 4,300.00 Deferred Income 1,200.00+ Total Current Liabilities C Long Term Liabilities Notes Payable $ 3,000.00 Total Long Term Liabilities $ 3,000.00 Total Liabilities D Equity Paid-In Capital Retained Earnings Total Equity Total Liabilities & Equity $ 150,000.00 E $ 248,000.00 SA $ 269,000.00