Part 1: Assume ABC Company has asked you to prepare their 20X1 year-end Balance Sheet based upon the below information. End of the year information: Cash Account Accounts Receivable Inventory Equipment Accumulated Depreciation Accounts Payable Short-term Notes Payable Long-term Notes Payable Common Stock Retained Earnings 12/31/X1 Ending Balance 50,000 175,000 126,000 480,000 90,000 156,000 12,000 200,000 235,000 solve

Part 1: Assume ABC Company has asked you to prepare their 20X1 year-end Balance Sheet based upon the below information. End of the year information