Prepare a balance sheet dated December 31, 2019, for Canfield Enterprises based on the following transactions completed during 2019.

a) Marilyn Canfield invested $16,000 cash and equipment valued at $6,000 into the business.

b) Purchased $500 of supplies on account.

c) Purchased $2,000 of equipment for cash. d)

Purchased a building by issuing a $10,000 note.