Exercise 6 From the list of account balances below, prepare in good form a balance sheet for Reyna's Department Store at December 31, Year 7. Credit Balances Debit Balances $3,000 13,500 28,500 37,500 $ 16,500 6,000 9.000 Cash Marketable Securities Accounts Receivable Building Notes Payable (due in one year) Patent Accumulated Depreciation Property Taxes Payable Accounts Payable Retained Earnings Common Stock Bonds Payable Inventory Land Investment in IBM Common Stock Investment in Florida Power Bonds Prepaid Insurance Withheld Income Taxes Additional Paid-in Capital 6,000 21,750 58,350 37,500 60,000 22,500 75,000 21,000 9,000 750 1,650 17,250 Goodwill 11,250 $228,000 Totals $228,000