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Accounts payable $9,900 Accounts receivable 26,950 Cash 11,390 Fees earned 70,800 Insurance expense Building Accumulated depreciation 1,475 225,000 75,000 Land 174,400 Miscellaneous expense 1,510 Prepaid

Accounts payable

$9,900

Accounts receivable

26,950

Cash

11,390

Fees earned

70,800

Insurance expense

Building

Accumulated depreciation

1,475

225,000

75,000

Land

174,400

Miscellaneous expense

1,510

Prepaid insurance

2,000

Notes Payable (due next year)

Notes Payable (due this year)

Long-term mortgage payable

Rent expense

60,000

20,000

170,000

8,000

Salary expense

35,300

Dividends

15,100

Supplies

950

Supplies expense

825

Utilities expense

3,800

Capital stock

81,000

Retained earnings (beginning balance on May 1, 20Y2)

Retained earnings (ending balance on May 31, 20Y2)

20,000

?????

Deana's Services Company

Classified Balance Sheet

May 31, 20Y2

Assets

Current Assets

Cash

$11,390

Accounts receivable

26,950

Prepaid insurance

2,000

Supplies

950

Total Current Assets

$ 41,290

Long-Term Assets (Fixed Assets)

Building

$225,000

Land

174,400

Total property, plant, equipment

$399,400

Total assets

$440,690

Liabilities

Current Liabilities

Account payable

$9,900

Notes payable

20,000

Total current liabilities

$29,900

Long-Term Liabilities

Mortgage payable

$ 170,000

Notes payable

60,000

Total liabilities

259,000

Stockholder's Equity

Capital stock

$ 81,000

Retained earnings

-50,210

Total stockholder's equity

30,790

Total liabilities and stockholder's equity

$ 290,690

I am not able to have my liabilities and stock's equity equal my assets. Which part did I miscalculate?

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