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

Accounts Payable

$42,300

Dividends

$17,300

Accounts Receivable

44,000

Equipment

50,800

Accumulated Depreciation, Buildings

63,900

Prepaid Rent

14,700

Accumulated Depreciation, Equipment

10,700

Rent Expense

11,000

Beginning Retained Earnings

31,100

Salaries Expense

6,100

Buildings

119,000

Salaries Payable

8,900

Capital Stock

57,000

Service Revenue

121,600

Cash

39,900

Supplies

10,800

Depreciation Expense, Buildings

8,300

Supplies Expense

9,000

Depreciation Expense, Equipment

4,600

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.