ALT-CORPORATION BALANCE SHEET Hampton Corporation issued 60,000 shares of $5.00 par value common stock at a price of $8.00 per share. Total revenue this year was $130,000 with $40,000 received in cash, and the rest on account. The expenses for the year were $100,000 with $60,000 paid in cash, and the rest on account. ASSETS CASH ACCOUNTS RECEIVABLE LIABILITIES ACCOUNTS PAYABLE STOCKHOLDERS' EQUITY COMMON STOCK PAID IN CAPITAL IN EXCESS OF PAR TOTAL PAID IN CAPITAL M RETAINED EARNINGS TOTAL STOCKHOLDERS' EQUITY TOTAL ASSETS TOTAL LIABILITIES & STOCKHOLDERS' EQUITY A=L+OE? YES