Exercise 1-8 (Static) 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 Required: Balances $26,000 3,000 33,000 11,000 18,000 20,000 39,000 6,000 Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Assets Balance Sheet December 31 Liabilities Total liabilities Stockholders' Equity Total assets Total stockholders' equity Total liabilities and stockholders' equity