Complete a balance sheet showing the information above

Sarah Smith is starting a business selling specialty sunglasses and has located a small shop at a retail park on the outskirts of town. The shop is to be called Sarah's Sunnies. Sarah intends to have the shop open for business on April 1, 2023. Sarah has been in business before, and her business plan includes the following data: Projected Sales It is estimated that 60% of sales will be for cash with the remainder on credit. Credit sales will be received in the month after the sale, in full. Although the business will stock a variety of sunglasses, they will all sell for the same amount, of $180 per pair of glasses. Purchases and Inventories The sunglasses are imported by a wholesaler in Auckland and each month Sarah will purchase sufficient sunglasses to ensure a closing balance of inventory of 10% of the next month's sales. The average purchase price per pair of sunglasses is $80.00. Payment will be made on the 20th of the month following the purchase. Non-Current Assets - It is a business policy to use the straight-line method of depreciation for all non-current assets. - The furniture and fittings for the shop cost $18,000 and have an expected life of 10 years with no residual value. - The office equipment cost $10,000 and it is estimated the useful life will be three years after which its residual value will be $1,000. Other - Sarah has employed a salesperson, Jason Jones to work part-time for $2,100 a month. Jason is paid on the 20th of each month for that month. (Ignore PAYE and other deductions). - General costs (including utilities, telephone, stationery, ISP provider etc.) are estimated at $500 a month, paid on the 20th of the month following purchase. In March, Sarah incurred $186 of general costs which are shown as an Accounts Payable as at 31 March 2023. - The rent on the building is $700 a month and is paid quarterly in advance and the first payment is due on 1 April 2023. - The annual insurance premium from 1 April 2023 to 31 March 2024 is $1,800 payable on 3 May 2023. - Sarah intends to spend $300 a month on advertising in local papers and their terms are that accounts are paid in the month the advertisements appear