Part B 1. Prepare a balance sheet dated December 31, 2011. Cash, \$3,300; Accounts Receivable, \$400; Property, Plant, and Equipment, $100,000; Accounts Payable, \$54,000; Debt, $28,000. Assets =$103,700 Liabilities =$82,000 Owner's Equity =$21,700 Use the excel template provided to complete the task Prepare the spreadsheet and submit