Constructing Balance Sheets and Interpreting Liquidity Measures The following balance sheet data are reported for Bettis Contractors at June 30, 2015. Accounts payable $44,500 Common stock $500,000 Cash Supplies 73,500 Retained earnings ? 152,500 Notes payable 134,000 Equipment Land 490,000 Accounts receivable 30,000 125,000 Assume that during the next two days only the following three transactions occurred: July 1 Paid $25,000 cash toward the notes payable owed. July 2 Purchased equipment for $50,000, paying $10,000 cash and an $40,000 note payable for the remaining balance. July 2 Declared and paid a $27,500 cash dividend. a. and b. Prepare a balance sheet at June 30, 2015 and July 2, 2015. Assets Cash Bettis Contractors Balance Sheets June 30, 2015 July 2, 2015 73500 $ 38500 20000 30000