Balance sheet presentation.

Given the following account information for Leong Corporation, prepare a balance sheet in report form for the company as of December 31, 2014. All accounts have normal balances.

Equipment 60,000

Interest Expense 2,400

Interest Payable 600

Retained Earnings ?

Dividends 50,400

Land 137,320

Accounts Receivable 102,000

Bonds Payable 78,000

Notes Payable (due in 6 months) 29,400

Common Stock 70,000

Accumulated Depreciation - Equip. 10,000

Prepaid Advertising 5,000

Service Revenue 341,400

Buildings 80,400

Supplies 1,860

Income 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 45,000

Depreciation Expense 8,000