HERE COME THE CLOWNS! is the name of a traveling circus. The ledger accounts of the busi- ness at June 30, 2011, are listed here in alphabetical order: Accounts Payable.... $ 26,100 Notes Payable Notes Receivable.... Props and Equipment...... Retained Earnings Salaries Payable.. $180,000 Accounts Receivable 7,450 9,500 Animals.. 189,060 89,580 Cages... Capital Stock. 24,630 27,230 ... 310,000 9,750 Cash... ? Tents..... 63,000 Costumes . 31,500 Trucks & Wagons. 105,840 Instructions Prepare a balance sheet by using these items and computing the amount of Cash at June 30, 2011. Organize your balance sheet similar to the one illustrated in Exhibit 2-10. (After "Accounts Receivable," you may list the remaining assets in any order.) Include a proper bal- ance sheet heading. b. Assume that late in the evening of June 30, after your balance sheet had been prepared, a fire destroyed one of the tents, which had cost $14,300. The tent was not insured. Explain what changes would be required in your June 30 balance sheet to reflect the loss of this asset.