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Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $40,500; accounts payable, $28,500: merchandise inventory. $14,500; Joe Ryan, capital,

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Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $40,500; accounts payable, $28,500: merchandise inventory. $14,500; Joe Ryan, capital, $47,000; and equipment, $20,500. LONG PRINT SHOP Balance Sheet December 31, 2020 Assets Liabilities Owner's Equity Total assets Total abilities and owner's equity

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