Assets Cash Supplies Equipment Dividends Total assets CHEYENNE COMPANY Balance Sheet December 31, 2012 Liabilities and Stockholders' Equity $18,000 Accounts payable $16,000 9,500 Accounts receivable (12,000) 40,000 Common stock 40,000 8,000 Retained earnings 31.500 $75,500 Total liabilities and stockholders' equity $75,500 instructions Prepare a correct balance sheet