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For your balance sheet, you want to calculate the asset side (left hand side) and then total liabilities from the right-hand side. Then place in

For your balance sheet, you want to calculate the asset side (left hand side) and then total liabilities from the right-hand side. Then place in the owners equity number that balances both sides. So, place in the owners equity number last after you have calculated the assets on the left-hand side and total liabilities on the right-hand side. The top left-hand side will include all Current Assets. Below that will include Net Fixed assets. Then total them up to come up with Total Assets. The top right-hand side will include all Current Liabilities. Below that will include all debt and equity. Then total up all the liabilities and plug in the equity amount to obtain the Total Liabilities and Equity.

Cash 30,629
Depreciation 56,876
Interest expense 13,130
Selling & Administrative Expenses 43,130
Accounts Payable 52,910
Net Fixed Assets 262,617
Sales 403,456
Accounts Receivable 21,524
Notes Payable 24,308
Long-term Debt 129,342
Inventory 45,785
Tax Rate 35%
Dividend Payout % 50%
Balance Sheet
2016

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