(December 31), the following financial data for the company are available: Cash Receivables from customers (all considered collectible) $ 24,800 11,700 Inventory of merchandise (based on physical count and priced at cost) Equipment owned, at cost less used portion 82,000 41,700 Accounts payable owed to suppliers 46,740 Salary payable (on December 31, this was owed to an employee who will be paid on January 10) Total sales revenue 3,700 129,000 Expenses, including the cost of the merchandise sold (excluding income taxes) Income tax expense at 30% x pretax income; all paid during the current year $1,200 Common stock (December 31) 87,800 Dividends declared and paid during the current year 11,500 ok (Note: The beginning balances in Common stock and Retained earnings are zero because it is the first year of operations.) rint 3. Prepare a balance sheet at December 31. erences HIGHLIGHT CONSTRUCTION COMPANY Balance Sheet At December 31, Current Year $