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Instructions Labels and Amount Descriptions Balance Sheet Instructions The assets and abilities of Thompson Computer Services at March 31 the end of the current year, and is revenue and expenses for the year are listed below The common stock was $116.700 and the retained earnings were $50 300 a Aprilia, the beginning of the current year During the year shartholders purchased an additionat $24.700 in stock Amount $1,020 Accounts Accounts payable Accounts receivable Cash Amount Accounts $1950 Miscellaneous expense 10.430 Office expense 19 630 Supplies 70,330 Wages expense 45 600 Dividends 1 200 1.670 Fees earned 22 000 15.900 Land Building 155.500 Required: Prepare a balance sheet for the current your ended March 31 Be sure to complete the statement heading Refer to the sts of Accounts in the information given, Label and Amount Descripbons for the exact wording of the answer choices for textes Labels and Amount Descriptions 1 Labels Expenses For the Year Ended March 31 March 31 Amount Descriptions Common stock Decrease in retained earnings Dividends Increase in retained earnings Net income for the year Net income structions Labels and Amount Descriptions Balance SI ructions Labels and Amount Descriptions micase canicu Cammys Net income for the year Net income Net loss for the year Net loss Retained earnings Retained earnings, April 1 Retained earnings, March 31 Total expenses Total assets Total liabilities and stockholders' equity Instructions Labels and Amount Descriptions Balance Sheet Instructions Labels and Amount Descriptions Balance Shoot Prepare a balance sheet for the current year ended March 31. Be sure to complete the statement reading Refer to the list of Accounts in the information given Labels, and Amount Descriptions for the exact wording of the answer choices for text entries Thompson's Computer Services Balance Sheet (Label Assets Previous Nee Instructions Labels and Amount Descriptions Balance Sheet Instructions Labels and Amount Descnptions Balance Sheet 2 3 5 2 . Liabilities 9 110 Stockholders' Equity 11 12 13