Following is a partlally completed balance sheet for Hoeman Incorporated at December $31,2023,$ together wth comparative data for the year ended December $31,2022$ From the statement of cash flows for the year ended December $31,2023,$ you determine the following:

Net Income for the year ended December $31,2023,$ was $$97,500.$

Divdends pald during the year ended December $31,2023,$ were $$66,000.$

Accounts recelvable decreased $$15,000$ during the year ended December $31,2023.$

The cost of new buildings acqulred during $2023$ was $$128,000.$

No bulldings were disposed of during $2023.$

The land account was not affected by any transactions during the year, but the falr value of the land at December $31,2023,$ was $$187,500.$

Required:

a$.$ Complete the December $31,2023,$ balance sheet. $($Hint: Long$-$term debt Is the last number to compute to make the balance sheet balance.$)$

b$.$ Prepare a statement of cash flows for the year ended December $31,2023,$ using the Indirect method.

Complete this question by entering your answers in the tabs below.

Required A

Complete the December $31,2023,$ balance sheet. $($Hint: Long$-$term debt is the last number to compute to make the balance sheet balance.$)$

$\backslash$table$[[$HOEMAN INCORPORATED$],[$Comparative Balance Sheets$],[$At December $31,2023$ and $2022],[,2023,2022],[$Assets:$],[$Current assets:$],[$Cash$,\backslash$table$[[$$$,54,500]],$$$,47,000$