Optimum Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2019, the end of the fiscal year, the balances of selected accounts from the ledger of Optimum Weight Loss Co. are as follows:

Accounts Payable	$37,700
Accounts Receivable	116,750
Accumulated Depreciation-Equipment	186,400
Cash	?
Equipment	474,150
Land	300,000
Prepaid Insurance	7,200
Prepaid Rent	21,000
Salaries Payable	9,000
Cheryl Viers, Capital	710,300
Supplies	4,800
Unearned Fees	18,000

Prepare a classified balance sheet that includes the correct balance for Cash. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons (:) or the word "Less" on the balance sheet; they will automatically insert where necessary.

CHART OF ACCOUNTSOptimum Weight Loss Co.General Ledger

	ASSETS
11	Cash
12	Accounts Receivable
13	Supplies
14	Prepaid Insurance
15	Prepaid Rent
16	Land
17	Equipment
18	Accumulated Depreciation-Equipment

	LIABILITIES
21	Accounts Payable
22	Salaries Payable
23	Unearned Fees

	EQUITY
31	Cheryl Viers, Capital

Labels: Current assetsCurrent liabilitiesNovember 30, 2019Property, plant, and equipment

Amounts Descriptions: Total assetsTotal current assetsTotal liabilitiesTotal liabilities and owners equityTotal property, plant, and equipment

Prepare a classified balance sheet that includes the correct balance for Cash. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons (:) or the word "Less" on the balance sheet; they will automatically insert where necessary.

Optimum Weight Loss Co.

Balance Sheet

1	Assets
2
3
4
5
6
7
8
9
10
11
12
13
14
15	Liabilities
16
17
18
19
20
21	Owners equity
22
23