Note: Homework is graded on completion basis. Make sure you make a thorough effort on each question to ensure full points are earned.

Note: Part 1 and Part 2 are not related problems.

Required: Prepare the balance sheet. Note: Ignore income taxes.

Note: Ending Retained Earnings is $410,000. I am providing this information to you so that you do not need to prepare an income statement and retained earnings statement.

1 Normal T No Spac.. Heading 1 H Paragraph Part 1 -Balance Sheet/ DebitCredit 197,000 435,000 Cash Accounts Receivable All owance for Doubtful Accounts Notes Receivable Supplies Inventory Debt Investments (trading) cost Equipment Accumulated Deperci BuildinR Accumulated Deperciation Buildi Land Franchises Patents De bt Investne nts tlong-term Equity Investments (long-term) Accounts Payable Salaries and Wages Payable Notes Payable (short-term) Dividends Payable Accrued Liabi lities Notes Payable (long-term) Bonds Payable Common Stock. Par S 5.00 APIC Treasury Stock Retained Earnings Cash Dividends Sales Revenut Sales Discounts Sales Returns and Allowances cOGS Purchase Diwounts Freight itn Selling Expenses Administr ati ve Experses Interest ExpensS Re nt Re venus Gairi 25,000 597,000 600,000 1, 040,000 ation Equi pment 60,000 152,000 260,00o 160,000 195,000 299,000 277,000 455,000 136,000 96,000 900,000 1, 0oo,oo0 1?000,000 80.000 191,000 78.000 8 100,000 2. 00o.000 soo.ooo 211,000 5 Invtenit Revenue 5 12. 315 00e 12.3us.oop Ch ????e