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Finanoal Statements for Partnership The ledger of Camila Ransirez and Ping Xue, attomeys-at-law, contains the following accounts and balances after adjustments have been recorded on December 31 , 20Y2: Ramirez and Xute Income statement Forthe Year Ended December 31,20Y, Professional Fees 375,700 Operating expenses: Salary Expense 5. 153,300 Depreciation Expense-Buildina 15,200 Heating and Lighting Expense 7,600 Depreciation Expense-Office Equipment 4,700 Property Tax Expense 9,500 Supplies Expense 5,500 Miscellaneous Expense 3,300 Total operating expenses Net Income Ramirer and xue Division of Income For the Year Ended December 31 , 20 Y 2 Camila Ramirez Ping xue 16cos Division of net income: 3. Prepare a balance sheet as of the end of 20Y2. Ramirez and Xuc Balance sheet December 3i,20Y2 Assets Current assets: Cash Accounts Receivable Supplies Total current assets Property, plant, and equipment: Total property, plant, and equip. Total assets Lrabilities Current liabilities: Accounts Parable Salaries Payable Total liabilities Partners Equity Camila Ramirez, Copital Ping Xue, Capital Total partners equity Total liabilities and partners' equity Finanoal Statements for Partnership The ledger of Camila Ransirez and Ping Xue, attomeys-at-law, contains the following accounts and balances after adjustments have been recorded on December 31 , 20Y2: Ramirez and Xute Income statement Forthe Year Ended December 31,20Y, Professional Fees 375,700 Operating expenses: Salary Expense 5. 153,300 Depreciation Expense-Buildina 15,200 Heating and Lighting Expense 7,600 Depreciation Expense-Office Equipment 4,700 Property Tax Expense 9,500 Supplies Expense 5,500 Miscellaneous Expense 3,300 Total operating expenses Net Income Ramirer and xue Division of Income For the Year Ended December 31 , 20 Y 2 Camila Ramirez Ping xue 16cos Division of net income: 3. Prepare a balance sheet as of the end of 20Y2. Ramirez and Xuc Balance sheet December 3i,20Y2 Assets Current assets: Cash Accounts Receivable Supplies Total current assets Property, plant, and equipment: Total property, plant, and equip. Total assets Lrabilities Current liabilities: Accounts Parable Salaries Payable Total liabilities Partners Equity Camila Ramirez, Copital Ping Xue, Capital Total partners equity Total liabilities and partners' equity