·Balance Sheet Question:

• Requirements:
  • Create a balance sheet with the following account balances:
    • Cash: $22,000
    • Accounts Receivable: $10,000
    • Inventory: $18,000
    • Equipment: $35,000
    • Accumulated Depreciation: $9,000
    • Accounts Payable: $14,000
    • Notes Payable: $7,000
    • Common Stock: $30,000
    • Retained Earnings: $20,000