Exercise 1-8A 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 $20,500 1,900 27,500 12,000 12,500 14,500 33,500 4,900 ? Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities Total liabilities 0 Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' equity Total assets $ 0 0 WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities ACCUUTTLs payavic Cash Total liabilities 0 Common stock Equipment Land Stockholders' Equity Notes payable 0 Total stockholders' equity Total liabilities and stockholders' equity Total assets $ 0 $ 0 WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities Total liabilities 0 Land Stockholders' Equity Notes payable Retained earnings Salaries expense Service revenue 0 Total stockholders' equity Total liabilities and stockholders' equity 0 $ $ 0