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Prepare the balance sheet DATA SAR Depreciation expense 75,000 Cash 250,000 Long-Term Debt 450,000 Net Sales 750,000 Accounts payable 98,000 Marketing and general and administrative

Prepare the balance sheet DATA SAR

Depreciation expense 75,000

Cash 250,000

Long-Term Debt 450,000

Net Sales 750,000

Accounts payable 98,000

Marketing and general and administrative expenses 110,000

Buildings and Equipment 950,000

Notes payable 80,000

Accounts receivable 165,000

Interest expense 5,250

Accrued expenses 8,500

Common Stock 350,000

Cost of Goods sold 250,000

Inventory 105,000

Taxes 72,000

Accumulated depreciation -275,000

Prepaid expenses 16,000

Taxes payable 60,000

Retained earnings 275,000

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