EXERCISES IN BALANCE SHEET CONSTRUCTION Exercise 1 ANNIE'S RETAIL FLORIST OS Capital, Annie Summers $27,900 Accumulated depreciation, store fixtures 12,000 12,300 Accounts payable Goodwill 6,000 Store fixtures, cost Inventory Bank loan (90-day note) Cash 22,500 7,500 6,600 11,100 Accrued expenses payable Accounts receivable 900 12,600 Assignment Different accounts are listed above, in random order, for the florist business of Annie Summers. The accounts are as at March 1, 2019. 1. Determine whether each of the accounts above is a current asset, fixed asset, intangible asset, current liability, long-term liability or equity account. 2. Prepare a balance sheet as at March 1, 2019. JO