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Complete the January 31, 2016, balance sheet of Lifetime, Inc. using the following information. Stockholders' equity at January 1, 2016, Included capital stock of $140,000.

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Complete the January 31, 2016, balance sheet of Lifetime, Inc. using the following information. Stockholders' equity at January 1, 2016, Included capital stock of $140,000. The building was purchased by the business for a price of $65,000 on January 25, 2016. Additional capital stock was issued in exchange for $50,000 cash. Retained earnings at January 31, 2016, amounted to $49,400

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