October 1, Keisha King organized Real Answers, a new consulting firm; on October 3, the owner contributed $76,470 cash. On October 31, the companys records show the following items and amounts.

Cash	$	2,000		Cash dividends	$	3,360
Accounts receivable		17,000		Consulting fees earned		19,000
Office supplies		4,250		Rent expense		3,420
Land		36,000		Salaries expense		7,600
Office equipment		28,000		Telephone expense		660
Accounts payable		7,500		Miscellaneous expenses		680
Common stock		76,470

Prepare a balance sheet. Retained earnings are 5060.