Insert Design Home Times New Ro . 14 . A A Aa . :.- Cut Styles BI U . HE X X A . ZA. Format Painter Paragraph Font Fine Wines is a small boutique wine maker owned by Toby Greene that began business board on 1 January 2021 producing and selling wine. One year after commencing operations, the entity's newly appointed accountant, Joe Kent, was asked by the company's CEO to prepare a balance sheet for a meeting with company executives. Below is the balance sheet he prepared. Fine Wines Balance Sheet as at 31 December 2021 Liabilities & Owners' Assets Equity 24,300 Accounts Receivable 10,400 Cash Net Profit for the 43,400 Capital - T. Green 40,000 year Inventory 9,800 Winemaking machinery 55,000 Accounts Payable 10,600 Accumulated Depreciation - 5,500 Winemaking Equipement Total 88, 100 Total 110,900 Required: Assume that the account balances Joe has used are correct. Prepare a balance sheet using the narrative format as at 31 December 2021