Balance Sheet Year Ending December 31 20XX Assets Liabilities Cash 32,200 Notes Payable 30,000 Equipment 72,000 Unearned Income 3,600 Inventory 900 Accounts Payable 1,200 Accouts Receivable 5,000 Prepaid Expense Stockholder's Equity Capital 60,000 Retained Earnings 15,300 Total Assets 110,100 Total Liabilities 110,100