Prepare the balance sheet of DELTAs Co. for 2021 using the following information shared by the CFO:

• We own a building downtown for $500,000
• We bought $115,000 of merchandise inventory.
• We received from our clients $60,000 of which 50% were paid in cash and 50% on account (meaning they will pay us in couple of months).
• We owe $42,000 to our suppliers that should be payed in the nearest future.
• We borrowed $38,000 from the bank, the loan should be repaid before 150-days.
• Our shareholder equity remained at 520 000$, same as 2020.
• We also took a loan for 5 years from the bank, but I cant seem to remember the exact amount, youll figure it out once you prepare the balance sheet.

Choices available:

(The balance sheet should be prepared according to the order of liquidity!) Assets Liabilities + Equity Choose... Choose... Choose... 42 000$ Choose... 30 000$ Choose... 38 000$ Choose... Choose... Choose... Choose... Choose... Choose... Shareholder's Equity Choose... - 675 000$ Choose... Choose... 30 000$ 70 000$ 115 000$ Sort-term loan Bldg, plant & Eq. 500 000$ Acc. receivables 60 000$ 75 000$ Capital Inventory 520 000$ Acc. payables Cash 675 000$ Long-term loan