Assume at 30th June 2020, Assets, Liability, Equity, Income and Expense amounts for Giraffe Building Renovation are presented below:

Cash in Bank 70,000

Accounts receivable 251,000

Supplies 300,000

Land 350,000

Inventory 250,000

Share Capital ?

Sales revenue 1,200,000

Accounts payable 500,000

Prepaid insurance 35,000

Supplies expense 200,000

Bank loan 40,000 Marketing

expense 30,000

Required: 

Prepare a Balance Sheet in a narrative (vertical) format as of 30th June 2020.