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Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $42,300; accounts payable, $30,300; merchandise inventory, $16,300; Joe Ryan,

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Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $42,300; accounts payable, $30,300; merchandise inventory, $16,300; Joe Ryan, capital, $50,600; and equipment, $22,300. Assets LONG PRINT SHOP Balance Sheet December 31, 2020 Liabilities Owner's Equity Total assets $ 0 Total liabilities and owner's equity $ 0

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