Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 20Y7, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows:

Accounts payable	$36,000
Accounts receivable	117,000
Accumulated depreciation-equipment	185,400
Cash	?
Common stock	75,000
Equipment	474,300
Land	300,000
Prepaid insurance	6,400
Prepaid rent	23,000
Retained earnings	638,000
Salaries payable	8,200
Supplies	4,700
Unearned fees	18,200

Prepare a classified balance sheet that includes the correct balance for Cash. Land must be entered as the first fixed asset. Be sure to complete the statement heading. Refer to the Instructions and the list of Labels and Amount Descriptions for the exact wording of text entries. Negative amounts should be indicated by a minus sign. You will not need to enter colons (:) or the word "Less" on the balance sheet; they will automatically insert where necessary.

Labels
Current assets
Current liabilities
For the Year Ended June 30, 20Y7
June 30, 20Y7
Property, plant, and equipment
Amounts Descriptions
Book value-equipment
Net income
Net loss
Total assets
Total current assets
Total expenses
Total liabilities
Total liabilities and stockholders equity
Total property, plant, and equipment
Total stockholders equity

prepare a classified balance sheet that includes the correct balance for Cash. Land must be entered as the first fixed asset. Be sure to complete the statement heading. Refer to the Instructions and the list of Labels and Amount Descriptions for the exact wording of text entries. Negative amounts should be indicated by a minus sign. You will not need to enter colons (:) or the word "Less" on the balance sheet; they will automatically insert where necessary.

Dynamic Weight Loss Co.

Balance Sheet

1	Assets
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16	Liabilities
17
18
19
20
21
22	Stockholders Equity
23
24
25
26