I 10) Using the following (scrambled) accounts prepare a balance sheet for ABC CO., incorporated (a retail company) for the year ending December 31. Accounts payablo 39,000 Accrued expenses 8,000 Accumulated depreciation 51,000 Additional paid-in capital 86,000 Allowance for doubtful accounts 2,000 Cash 23,000 Common stock 45,000 Current portion of L.T. Debt 6,000 Gross accounts receivable 40,000 Gross fixed assets 486,000 Inventories 54,000 Long term debt 210,000 Net fixed assets 435,000 Retained earnings 138,000 Short-term bank loan (notes payable) 18,000 11) The following are the items available for XYZ CO. Prepare a balance sheet from these items. Capital 15000, opening stock 3000, closing stock 5000, cash in hand 500, cash at bank 1000, machinery 10000, furniture 1300, sundry debtors 9000, sundry creditors 4000, net profit from the income statement 7800