On December 31, Anderson Company had the following list of account balances.

Additional Resources

	Accounts Payable	$48500			Dividends	$21600
	Accounts Receivable	51900			Equipment	64000
	Accumulated Depreciation, Buildings	44100			Prepaid Rent	23800
	Accumulated Depreciation, Equipment	12500			Rent Expense	3100
	Beginning Retained Earnings	111700			Salaries Expense	3800
	Buildings	90000			Salaries Payable	3000
	Capital Stock	33400			Service Revenue	92400
	Cash	55900			Supplies	17500
	Depreciation Expense, Buildings	3400			Supplies Expense	8400
	Depreciation Expense, Equipment	2200

Required: Prepare a balance sheet on December 31.

Hint: You will need to determine the net book value for equipment and buildings. You will also need to determine ending retained earnings.

Anderson Company

Balance Sheet

December 31

Assets

Current Assets:

Total Current Assets

Property, Plant, and Equipment:

Total Property, Plant, and Equipment

Total Assets

Liabilities

Current Liabilities:

Total Liabilities

Stockholders' Equity

Total Stockholders' Equity

Total Liabilities and Stockholders' Equity