Exercise 3 - Balance Sheet Given the following account information for Leong Corporation, prepare a balance sheet in report form for the company as of December 31, 2017. All accounts have normal balances. Equipment 70,000 Interest Expense 2.400 Interest Payable 600 Retained Earnings 234,680 Dividends 50,400 Land 137,320 Accounts Receivable 102,000 Bonds Payable 78,000 Notes Payable (due in 6 months) 34,400 Common Stock 70,000 Accumulated Depreciation - Equip. 10,000 Prepaid Advertising 5,000 Service Revenue 351,400 Buildings 80,400 Supplies 1,860 Income Taxes Payable 3,000 Utilities Expense Advertising Expense 1,560 Salaries and Wages Expense 53,040 Salaries and Wages Payable 900 Accumulated Depr.- Bld. 15,000 Cash 50,000 Depreciation Expense 8.000 1,320 3