From this list of account balances, prepare in proper form a balance sheet for Tommy's

Memorial Park Inc.

Trial Balance, December 31,20X1

Dr. Cr.

Cash $5,000

Temporary Investments 15,000

Accounts Receivable . 40,000

Building 50,000

Notes Payable (due in 1 year) $22,000

Patent 8,000

Building Accumulated Depreciation 10,000

Property Taxes Payable 6,000

Accounts Payable 31,000

Retained Earnings 77,800

Common Shares 50,000

Bonds Payable 80,000

Inventory 30,000

Land 100,000

Investment in Trizec Corp. Shares 28,000

Investment in Canadian Utilities Bonds 12,000

Prepaid Insurance 1,000

Withheld Income Tax 2,200

Contributed Surplus 25,000

Goodwill 15,000

Totals: $304,000 $304,000