Alexander Farms Inc. Balance Sheet September 30, Current Year Assets Liabilities and Owners Equity Assets Liabilities Land $490,000.00 Notes Payable $330,000.00 Barns and sheds $78,300.00 Accounts Payable $77,095.00 Citrus Trees $76,650.00 Property Taxes Payable $9,135.00 Farm Machinery $42,970.00 Wages Payable $5,820.00 Fences and gates $33,570.00 Total liabilities $422,050.00 Irrigation System $20,125.00 Owners Equity Cash $16,710.00 Capital Stock $290,000.00 Livestock $120,780.00 Retained Earnings $189,420.00 Accounts Receivable $22,365.00 Total Assets $901,470.00 Total Liabilities $901,470.00