24. Balance Sheet Question:

• Requirements: Create a balance sheet with the following account balances:
  • Cash: $20,000
  • Accounts Receivable: $15,000
  • Inventory: $18,000
  • Equipment: $55,000
  • Accumulated Depreciation: $10,000
  • Accounts Payable: $12,000
  • Notes Payable: $8,000
  • Common Stock: $35,000
  • Retained Earnings: $28,000