Please do in Excel:

Prepare a classified Balance Sheet, dated 12-31-14, for these 3 situations: Situation 1 12-31-14 Assets: Cash . 75,000 Accounts Rec. ..... 184,000 Inventory .... 300,000 Equipment, Net of Accum. Depr. .. 803,000 12-31-14 Liabilities: Accounts Pay. ..... 150,000 Short-Term Notes Payable ..... 325,000 Long-Term Notes Payable ..... 625,000 12-31-14 Equity: Business is named Happy Productions and is owned solely by Harry Happy. (You will have to determine the equity amount) Situation 2 Business is named Aztec Partners and is owned by Judy Smith and Al Topp Assets and Liabs. are the same as situation 1. Equity- Capital as of 1-1-14: Judy . 151,000 Al, .. 184,000 Capital Contributed in 2014: Judy .. - Al - Drawings ,2014: Judy . 55,000 Al .. 82,000 Share of Profits , every year: Judy 0.4 Al ..0.6 Situation 3 Business is a corporation named Aztec, Inc. Assets and Liabs. are the same as situation 1. Equity- Paid in Capital(Common Stock) as of 12-31-14 is . 350,000