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Given the following account information for the first year of Atlantic Enterprises, prepare the asset section of the a balance sheet ONLY for the company

Given the following account information for the first year of Atlantic Enterprises, prepare the asset section of the a balance sheet ONLY for the company as of December 31, 2020. All accounts have normal balances.

Equipment 60,000

Interest Expense 2,400

Interest Payable 600

Retained Earnings ?

Dividends 50,400

Land 137,320

Accounts Receivable 102,000

Bonds Payable 78,000

Notes Payable (due in 6 months) 29,400

FV-NI Investments (FV 19,500) 17,000

Common Shares 70,000

Accumulated DepreciationEquip 10,000

Prepaid Advertising 5,000

Service Revenue 341,400

Buildings 80,400

Supplies 1,860

Income Taxes Payable 3,000

Utilities Expense 1,320

FV-OCI Investments (FV 49,000) 51,000

Advertising Expense 1,560

Long Term Investments 66,000

Salaries and Wages Expense 53,040

Salaries and Wages Payable 900

Accumulated Depr.Bld 15,000

Cash 45,000

Depreciation Expense 8,000

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