Prepare the heading and asset, liability, and shareholders' equity portions of the balance sheet. Assets Liabilities Current assets: Current liabilities: Total current liabilities Total current assets Shareholders' Equity Plant assets: Total shareholders' equity Total assets Total liabilities and shareholders' equity Prepare the heading and asset, liability, and shareholders' equity portions of the balance sheet. Assets Liabilities Current assets: Current liabilities: Total current liabilities Total current assets Shareholders' Equity Plant assets: Total shareholders' equity Total assets Total liabilities and shareholders' equity