Introduction to Financial Statements- Practice Problem 2-Balance Sheet The following items were taken from the accounting records of a company. Accounts Payable 57,000 Long-term investments 35,000 Accounts Receivable Building 32,000 Trademarks 255,000 Accrued Expenses 15,000 76,000 Common Stock 6,000 9,000 35,000 Short-term Notes Cash Payable Equipment Retained Earnings ?? Interest Income Prepaid Expenses 12,000 Inventory Sales Salary Expense 22,000 Cost of Goods Sold Prepare a balance sheet. 1,000 2,000 82,000 25,000 62,000 123,000 Dividends paid Introduction to Financial Statements- Practice