·Balance Sheet Question:

• Requirements:
  • Create a balance sheet with the following account balances:
    • Cash: $25,000
    • Accounts Receivable: $15,000
    • Inventory: $20,000
    • Equipment: $45,000
    • Accumulated Depreciation: $12,000
    • Accounts Payable: $18,000
    • Notes Payable: $9,000
    • Common Stock: $40,000
    • Retained Earnings: $25,000