please help me with the Balance Sheet. Prepare an account form of balance sheet, assuming that the current portion of the note payable is $50,000. Less or Plus will automatically appear if it is required.*

The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2016:

Cash

$ 240,000

Accounts Receivable

966,000

Merchandise Inventory

1,712,500

Office Supplies

13,500

Prepaid Insurance

8,000

Office Equipment

830,000

Accumulated Depreciation-Office Equipment

550,000

Store Equipment

3,600,000

Accumulated Depreciation-Store Equipment

1,820,000

Accounts Payable

366,000

Salaries Payable

41,500

Note Payable (final payment due 2022)

300,000

Kristina Marble, Capital

3,449,100

Kristina Marble, Drawing

100,000

Sales

11,343,000

Cost of Merchandise Sold

7,850,000

Sales Salaries Expense

916,000

Advertising Expense

550,000

Depreciation Expense-Store Equipment

140,000

Miscellaneous Selling Expense

38,000

Office Salaries Expense

650,000

Rent Expense

94,000

Depreciation Expense-Office Equipment

50,000

Insurance Expense

48,000

Office Supplies Expense

28,100

Miscellaneous Administrative Expense

14,500

Interest Expense

21,000

CHART OF ACCOUNTS

Clairemont Company

General Ledger

	ASSETS
110	Cash
120	Accounts Receivable
125	Notes Receivable
130	Merchandise Inventory
131	Estimated Returns Inventory
140	Office Supplies
141	Store Supplies
142	Prepaid Insurance
180	Land
192	Store Equipment
193	Accumulated Depreciation-Store Equipment
194	Office Equipment
195	Accumulated Depreciation-Office Equipment

	LIABILITIES
210	Accounts Payable
216	Salaries Payable
218	Note Payable
219	Sales Tax Payable

	EQUITY
310	Kristina Marble, Capital
311	Kristina Marble, Drawing
312	Income Summary

	REVENUE
410	Sales

	EXPENSES
510	Cost of Merchandise Sold
521	Delivery Expense
522	Advertising Expense
524	Depreciation Expense-Store Equipment
525	Depreciation Expense-Office Equipment
526	Sales Salaries Expense
527	Office Salaries Expense
531	Rent Expense
533	Insurance Expense
534	Store Supplies Expense
535	Office Supplies Expense
536	Credit Card Expense
540	Miscellaneous Selling Expense
541	Miscellaneous Administrative Expense
710	Interest Expense

Labels and Amount Descriptions

Labels
Current assets
Current liabilities
Expenses
For the Year Ended May 31, 2016
Long-term liabilities
May 31, 2016
Property, plant, and equipment
Amount Descriptions
Administrative expenses
Increase in owners equity
Kristina Marble, capital, June 1, 2015
Kristina Marble, capital, May 31, 2016
Less withdrawals
Net income
Net income for the year
Net loss
Selling expenses
Total assets
Total expenses
Total current assets
Total current liabilities
Total liabilities
Total liabilities and owners equity
Total property, plant, and equipment