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Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2047, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows: Accounts payable $37,000 Accounts receivable 117,500 Accumulated depreciation equipment 187,200 Cash ? Common stock 75,000 Equipment 474,150 Land 300,000 Prepaid insurance 6,400 Prepaid rent 24,000 Retained earnings 636,200 Salaries payable 8,600 Supplies 4,800 Unearned fees 17,600 Prepare a classified balance sheet that includes the correct balance for Cash. Land must be entered as the first fixed asset. Be sure to complete the statement heading. Refer to the Instructions and the list of Labels and Amount Descriptions for the exact wording of text entries. Negative amounts should be indicated by a minus sign. You will not need to enter colons (1) or the word "Less" on the balance sheet; they will automatically insert where necessary. Labels and Amounts Descriptions Labels Current assets Current liabilities For the Year Ended June 30, 2047 June 30, 2047 Property, plant, and equipment Amounts Descriptions Book value-equipment Net income Net loss Total assets Total current assets Total expenses Total liabilities Total liabilities and stockholders' equity Total property, plant, and equipment Total stockholders' equity Prepare a classified balance sheet that includes the correct balance for Cash. Land must be entered as the first fixed asset. Be sure to complete the statement heading. Refer to the Instructions and the list of Labels and Amount Descriptions for the exact wording of text entries. Negative amounts should be indicated by a minus sign. You will not need to enter colons (.) or the word "Less" on the balance sheet; they will automatically insert where necessary. Dynamic Weight Loss Co. Score: 147/184 Balance Sheet June 30, 20Y7 1 Assets 2 Current assets: 3 Cash 4 Accounts receivable 117,500.00 5 Supplies 4,800.00 6 Prepaid rent 24,000.00 7 Prepaid insurance 6,400.00 8 Total current assets 9 Property, plant, and equipment: 10 Land $300,000.00 11 Equipment $474,150.00 10 Land $300,000.00 11 Equipment $474,150.00 12 Accumulated depreciation-equipment 13 14 Total property, plant, and equipment 15 Total assets 16 Liabilities 17 Current liabilities: 18 Accounts payable $37,000.00 19 Salaries payable 8,600.00 20 Unearned fees 17,600.00 21 Total liabilities 22 Stockholders' Equity 23 Common stock $75,000.00 24 Retained earnings 636,200.00 25 Total stockholders' equity 26 Total Liabilities and stockholders' equity