Assume that you are the president of Influence Corporation. At the end of the first year (December 31) of operations, the following financial data for the company are available:

Cash	$ 13,150
Receivables from customers (all considered collectible)	11,100
Inventory of merchandise (based on physical count and priced at cost)	28,000
Equipment owned, at cost less used portion	67,000
Accounts payable owed to suppliers	31,900
Salary payable (on December 31, this was owed to an employee who will be paid on January 10)	1,600
Total sales revenue	102,000
Expenses, including the cost of the merchandise sold (excluding income taxes)	69,500
Income tax expense at 30% × pretax income; all paid during December of the current year	?
Common stock at the end of the current year	63,000

No dividends were declared or paid during the current year. The beginning balances in Common Stock and Retained Earnings are zero because it is the first year of operations.

Required:

 Prepare a balance sheet at year end.