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Prepare a balance sheet and income statement as of December 31, 2018 for Builtrite Inc., from the following information. Look carefully at the numbers, some

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Prepare a balance sheet and income statement as of December 31, 2018 for Builtrite Inc., from the following information. Look carefully at the numbers, some might have changed. . . . . Inventory $ 3,500 Common equity Cash 16,550 Operating expenses 1,350 Notes payable 25,600 Interest expense 900 Depreciation expense 1,200 (Not included in operating expenses) Net sales 14,000 Accounts receivable 9,600 Accounts payable 4.800 Long-term debt 55,000 Cost of goods sold 5,750 Buildings and Equipment 142,000 Accumulated Depreciation 26,000 Taxes Paid for 2018 1,440 Common stock dividend paid 530 Common Stock 40,000 . What is the common equity amount

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