Exercise 1-8 Prepare a balance sheet (LO1-3) Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $16,000 1,000 23,000 12,000 8,000 10,000 29,000 4,000 Required: Use only the appropriate accounts to prepare a balance sheet