As of January 1, 2014, Concepts Inc. had a balance of $4,400 in Cash, $2,450 in Common Stock, and $1,950 in Retained Earnings. These were the only accounts with balances in the ledger on January 1, 2014. Further analysis of the companys cash account indicated that during the 2014 accounting period, the company had (1) net cash inflow from operating activities of $5,050, (2) net cash outflow for investing activities of $14,100, and (3) net cash inflow from financing activities of $7,350. All revenue and expense events were cash events. The following accounts and balances represent the general ledger of Concepts Inc. as of December 31, 2014, before closing. c-3. Prepare a balance sheet as of December 31, 2014.

CONCEPTS INC. General Ledger
Assets		=	Liabilities		+	Stockholders Equity
Cash			Notes Payable			Common Stock		Revenue
Bal.	2,700		Bal.	2,900		Bal.	7,750	Bal.	9,800
Land						Retained Earnings		Expenses
Bal.	14,100					Bal.	1,950	Bal.	4,750
								Dividends
								Bal.	850