Exercise 3.4. Balance Sheet Based on the following information, prepare a balance sheet. Note: Some of the information provided is not needed. Accounts receivable $ 60,000 Plant and Equipment $100,000 Allowance for depreciation, P & E $ 10,000 Cash $ 80,000 Finished Goods inventory (ending) $ 15,000 Notes payable (5 year note) $ 55,000 Accounts payable $ 15,000 Bonds payable $ 60,000 Retained earnings $ 80,000 Common stock $120,000 Payroll payable $ 20,000 Materials inventory (ending) $ 20,000 Work in process inventory (ending) $ 15,000 Furniture and equipment $ 80,000 Allowance for depreciation, F&F $ 10,000