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Balance Sheet Preparation. Given the following account information for Denim Corporation, prepare a balance sheet in REPORT FORM for the company as of December 31,2020.

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Balance Sheet Preparation. Given the following account information for Denim Corporation, prepare a balance sheet in REPORT FORM for the company as of December 31,2020. All accounts have normal balances. Equipment 50,000 Interest Expense 2,400 Interest Payabale 600 Retained Earnings Dividends 50,400 Land 137,320 Inventory 102,000 Bonds Payable 78,000 Notes Payable(due in 6 months) 19,400 Common Stock 60,000 Accumulated Depreciation-Equipment 10,000 Prepaid Advertising 5,000 Revenue 341,400 Buildings 80,400 Supplies 1,860 Taxes Payable 3,000 Utilities Expense 1,320 Advertising Expense 1,560 Salaries and Wages Expense 53,040 Salaries and Wages Payable 900 Accumulated Depr.-Bld. 15,000 Cash 35,000 Depreciation Expense 8,000

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