Prepare SFP

Consider the following data:

Cash......................................................... $ 15,200

Accounts receivable................................. 29,500

Accounts payable..................................... 34,500

Note payable............................................ 50,000

Inventory.................................................. 17,000

Dividends payable.................................... 5,200

Equipment................................................ 220,000

Supplies.................................................... 6,400

Net Income.............................................. 35,000

Accumulated Depreciation....................... 100,000

Common shares....................................... 40,000

Beginning Retained earnings................... 23,400

Prepaid rent............................................. 1,600

Salaries payable...................................... 12,000

1. Total Asset amount=?

2. Total Liabilities amount =?

3.Total SHE amount=?