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I need the answer ASAP BLUE Inc started its operations in 2021. On December 31 2021, it had the following adjusted trial balance: 1. Rent

I need the answer ASAP

image text in transcribedimage text in transcribedimage text in transcribed BLUE Inc started its operations in 2021. On December 31 2021, it had the following adjusted trial balance: 1. Rent for 24 months, starting January 1,2022 , in the amount of $48, was paid in cash. 2. On July 31, 2022, the company enters into a new labor contract with the employees' union that calls for a $15 increases in wages, effective February 1, 2023. 3. Sales, all on credit, were $850. Collections from customers were $720. 4. In addition to the transactions described in items 3 above, products were shipped to the customer who paid $40 in advance (see December 31, 2021 balances). The selling price was $120, and the customer will pay the balance in early 2023. 5. The company purchased $550 worth of inventory, on account. Payments on accounts payable were $470. 6. Based on a physical count, inventory balance as of December 31, 2022 was $85. The market value of these inventories was $90. 7. The employees earned $54 as wages. Cash wage payments to employees were $57. 8. Depreciation for the year equals $15. 9. A dividend of $55 was declared and paid during 2022. Assume tax rate is 0% (i.e. ignore tax expense). Question: Prepare the Balance Sheet as of December 31, 2022 (in thousands). Cash Account receivables Inventories Prepaid rent PP\&E (at cost) Less: Accumulated depreciation TOTAL ASSETS Accounts payable Unearned revenue Wages payable Common stocks Retained earnings

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