cost $260,000. For the current year, the company has recorded $31,200 of depreciation, which brings the total depreciation to date to $156,000. Balance Sheet Assets Liabilities Stockholders' Income Statement Revenues Expenses Equity Required: Using the headings shown above, indicate the location and amounts that would be used to report the three items on the company's balance sheet and income statement. (Any deduction should be entered with a minus sign Balance Sheet Assets Equipment Accumulated Depreciation $260,000 Liabilities Income Statement Revenues Expenses Depreciation Expense