Prepare a classified Balance Sheet, dated 12-31-14, for these 3 situations: Situation 1 12-31-14 Assets: Cash . 83,000 Accounts Rec. ..... 274,000 Inventory .... 225,000 Equipment, Net of Accum. Depr. .. 601,000 12-31-14 Liabilities: Accounts Pay. ..... 5,000 Short-Term Notes Payable ..... 95,200 Long-Term Notes Payable ..... 271,000 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 . 200,000 Al, .. 325,000 Capital Contributed in 2014: Judy .. - Al - Drawings ,2014: Judy . 71,000 Al .. 90,000 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 . 425,000