Determine the following: The assets of a corporation that has liabilities of $488,000, common stock of $200,000, and retained earnings of $185,000.

Create a balance sheet and statement of stockholders equity for the following information,

Statement of Stockholders' Equity and Balance Sheet The following is information for Jackson Packaging Service at the end of 2016 and 2015: December 31, 2016 December 31, 2015 Accounts Payable Cash Accounts Receivable Equipment, net Notes Payable Supplies Common Stock Dividends Retained Earnings $1,800 10,000 30,800 32,000 30,000 5,000 5,000 12,000 $1,600 9,000 17,500 27,000 35,000 4,200 5,000 Statement of Stockholders' Equity and Balance Sheet The following is information for Jackson Packaging Service at the end of 2016 and 2015: December 31, 2016 December 31, 2015 Accounts Payable Cash Accounts Receivable Equipment, net Notes Payable Supplies Common Stock Dividends Retained Earnings $1,800 10,000 30,800 32,000 30,000 5,000 5,000 12,000 $1,600 9,000 17,500 27,000 35,000 4,200 5,000