Hikers and Bikers sells all sorts of outdoor gear. The owners of Hikers and Bikers would like to know what assets, liabilities, and stockholders equity they have. Given the following account balances, prepare a balance sheet for this company on 12/31/X1..

Capital Stock $2,450

Inventory 910

Equipment 19,045

Retained Earnings 8,450

Note Payable 8,700

Accounts Payable 1,400

Accounts Receivable 500

Cash 545