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Help me fill out the balance sheet please! Survey of Accounting Comprehensive Simulation Assignment - Financial Statements & Flexible Budget Transaction List: 1. Acquired $500,000

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Help me fill out the balance sheet please!

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Survey of Accounting Comprehensive Simulation Assignment - Financial Statements & Flexible Budget Transaction List: 1. Acquired $500,000 by signing a note payable with a local bank 2. Sold 25,000 shares of $22 par value Common Stock for $1,500,000 3. Purchased Equipment for $300,00Cycash 4. Purchased 25,000 Units of Inventory on Account at $1.15 per unit 5. Sold 20,000 units at $3.50 on Account 6. Collected $70,000 of Accounts Receivable 7. Paid $17,250 of Accounts Payable 8. Purchased 170,000 Units of Inventory on Account at $1.05 per unit 9. Sold 153,000 units at $3.50 on Account 10. Collected $472,500 of accounts receivable 11. Paid $118,600 of Accounts Payable 12. Purchased 275,000 Units of Inventory on Account at $1.35 per unit 13.Sold 215,000 units at $3.50 on Account 14. Collected $735,000 of accounts receivable 15. Paid $294,150 of Accounts Payable 16. Purchased 300,000 Units of Inventory on Account at $1.15 per unit 17. Record Sales & Marketing Expenses of $30,000 (paid in cash) 18. Record Operating Expenses of $75,708 (paid in cash) 19. Record Wage Expenses of $40,000 (paid in cash) 20. Record Product Line Research & Development Expenses of $150,000 (paid in cash) 21. Record Advertising Expenses of $87,500 (paid in cash) 22. Made the yearly required payment on the note payable. The note carries a 7% interest rate and requires payments of $50,000 plus interest each December 31. 23. Record Yr 1 Depreciation on Equipment with Salvage Value of $38,000 and useful life of 7 Yrs (straight-line depreciation) 24. Declared a $10,000 cash dividend for stockholders 25. Paid a $10,000 cash dividend for stockholdersBalance Sheet Events Assets Liab Equity Income Statement Statement of Cash Flows Cash Acct Rec Inventory Equipment Land Building Accum Depr | Acct Payable Div Payable Notes Payable Common Stock APIC Retained Earnings Revenue Expense Net Income Type Amount 50 CO 12 130 13b 22 24 25 Net Change in Cash Ending Balance

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