Balance It! Match the following wordsumbers with the numbered blanks in the balance sheet on the next page. The first two have been done for you. (Ignore upper and lower-case spellings and whether numbers are shown as currency or not.) Equity Receivable _2_Accounts Common Accumulated Fixed Payable Less Total Intangible Current Notes Long-term Assets Doubtful 142,000 18,000 25,000 62,000 32,000 Balance Sheet December 31, 2000 $ 31,000 Cach 2 receivable Less allowance for 3 accounts Notes Inventory Prepaid expenses Assets 1,600 29,400 39,000 51,050 2.500 $183,950 6 Assets Plant and equipment Less__7_ depreciation Furniture and store equipment accumulated depreciation Total 6 $110,000 23.000 18,000 $ 87,000 $ 55,000 37,000 124,000 $ 7,000 $332,950 _10__Assets Patents Goodwill Total__10 Assets TOTAL ASSETS Liabilities Current Liabilities Accounts_ 11 _12_ payable Salaries payable Taxes payable Total Current Liabilities $ 39,295 29,455 6,600 5.500 S 80,850 $110.100 110,100 13_ Liabilities Mortgage Total__13_ Liabilities TOTAL LIABILITIES Stockholders' _ 14_ 15_ stock Retained earnings Total Stockholders' 14 $190,950 $110,000 19 20 Total Liabilities & ___14 $332,950