·Balance Sheet Question:

• Requirements:
  • Create a balance sheet with the following account balances:
    • Cash: $55,000
    • Accounts Receivable: $40,000
    • Inventory: $60,000
    • Equipment: $120,000
    • Accumulated Depreciation: $45,000
    • Accounts Payable: $60,000
    • Notes Payable: $55,000
    • Common Stock: $100,000
    • Retained Earnings: $90,000