At December 31, 2018, Patterson Products has cash of $20,000, receivables of $17,600, and inventory of $78,000. The company's equipment totals $186,000. Patterson owes accounts payable of $22,000 and long-term notes payable of $173,000. Common stock is $28,500. Read the requirement. Start with the heading and then complete the assets section of the statement. Finally complete the liabilities and stockholders' equity section of the statement. (Classify the balance sheet by selecting the proper title on all applicable subtotal lines. In the first part complete the assets section of the balance sheet. In the second part complete the liabilities and stockholders' equity section of the balance sheet. If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Patterson Products Balance Sheet December 31, 2018 Assets Current assets: Requirement 1. Prepare Patterson's balance sheet at December 31, 2018, complete with its proper heading. Use the accounting equation to compute retained earnings. Print Done