Mr$.$ Covido is the bookkeeper for Wuhan Company. Mr$.$ Covido has been trying to get the balance sheet of Wuhan Company to balance. Wuhan $$s balance sheet is as follows.

Wuhan COMPANY

Balance Sheet

December $31,2021$

Assets Liabilities

Cash $ $9,400$ Accounts payable $$25,000$

Supplies $7,100$ Accounts receivable $(19,500)$

Equipment $45,000$ Owner$$s capital $65,200$

Owner$$s drawings $9,200$ Total liabilities and

Total assets $$70,700$ owner$$s equity $$70,700$

Instructions

Prepare a correct balance sheet. $($Don$$t forget to write the company name, the financial statement being prepared and the period$)$