ONE Fogerty Designs is a professional design firm that specializes in interior and exterior design for residential homes. Fogerty's financial statements for November 2022, prepared by Espada and Dudas, CPAs, are as follows: Fogerty Designs, Inc. Balance Sheet November 30 and December 31, 2022 Assets: Cash Accounts receivable Prepaid rent Supplies Office equipment Accumulated depreciation Total Liabilities & Equity: Dec. 31 Nov. 30 Dec. 31 Nov. 30 10 Accounts payable 30 10 20 20 20 20 Utilities payable 5 Salaries payable 8 Notes payable 100 Total (20) Common stock 123 I Retained earnings Total 30 90 10 23 123