Assume that Fern Field Farms declared and paid the $15,000 dividend on January 31, 2023. Prepare an updated version of the balance sheet immediately after payment of the dividend.

Fern Field Farms, Inc. Balance Sheet January 31, 2023 Assets \begin{tabular}{lr} Cash & $142,000 \\ Inventory & 40,000 \\ Equipment & 88,000 \\ \cline { 2 - 2 } & Total Assets \\ \hline \hline \end{tabular} Liabilities and Stockholders' Equity \begin{tabular}{lr} Accounts Payable & 20,000 \\ Notes Payable & 100,000 \\ Common Stock & 100,000 \\ Retained Earnings & 50,000 \\ \cline { 2 - 2 } Total Liabilities \& Stockholders' Equity & $270,000 \\ \hline \hline \end{tabular}