Preparing a Balance Sheet and a Statement of Stockholders' Equity Assume that Schaefer's Pharmacy, Inc., reports the following selected financial information for the year ended December 31. Cash $3,000 Cash dividends $1,000 Accounts receivable 12,000 Revenues 45,000 Office equipment Inventory Land 32,250 Cost of goods sold 20,000 26,000 Insurance expense 5,000 10,000 Wages expense 8,000 Accounts payable 7,500 Utilities expense 2,000 Common stock 45,750 Other expenses 4,000 Retained earnings, Dec.31 30.000 Dividends 1,000 Net income 6,000 Retained earnings, Jan. 1 25,000 a. Prepare the December 31 balance sheet for Schaefer's Pharmacy, Inc. SCHAEFER'S PHARMACY, INC. Balance Sheet December 31 Accounts receivable Office equipment $3,000 Common stock Land $ $ = $