General Ledger for XYZ Company The following is a portion of the general ledger for XYZ Company as of December 31, 20X1, and the statement of stockholders equity for XYZ Company for the year ended December 31, 20X1. Use this information to answer questions (1) through (5).

XYZ Company
Statement of Stockholders' Equity (partial)
For the year ended December 31, 20X1
	Common Stock	Retained Earnings
Balance at January 1, 20X1	$50,000	$63,000
Issuance of common stock	32,000
+ Net income for the year ended 12/31/X1		14,000
- Dividends paid		(4,900)
Balance at December 31, 20X1	$_______	$_______

XYZ Company
General Ledger (partial)
As of December 31, 201X
	Amount
Assets
Cash	$ 53,000
Accounts receivable	15,000
Supplies	8,800
Prepaid rent	36,000
Equipment (net)	115,600
Liabilities
Accounts payable	$11,300
Salaries payable	2,500
Interest payable	1,900
Utilities payable	6,900
Bonds payable	51,700

1. What is the total amount of current assets to be reported on XYZ Companys 12/31/X1 classified balance sheet?

$68,000

$112,800

$228,400

$76,800

2. What is the total amount of long-term assets to be reported on XYZ Companys 12/31/X1 classified balance sheet?

$151,600

$160,400

$0

$115,600

3. What is the total amount of current liabilities to be reported on XYZ Companys 12/31/X1 classified balance sheet?

$22,600

$74,300

$20,700

$18,200

4. What is the ending balance in retained earnings to be reported on XYZ Companys 12/31/X1 classified balance sheet?

$63,000

$77,000

$72,100

$154,100

5. What is the total amount of stockholders equity to be reported on XYZ Companys 12/31/X1 classified balance sheet?

$154,100

$113,000

$72,100

$82,000