Question 1 (15 points) Prepare the balance sheet of Delta Corporation using the following trial balance as of 31" December 2019. Credit Debit 20,000 25,000 40,350 120,000 24,000 Delta Corporation Adjusted Trial Balance December 31M 2019 Accounts Cash and Cash Equivalents Accounts Receivable Supplies Office Building Accumulated Depreciation - Office Building Machinery Accumulated Depreciation - Machinery Accounts Payable Wages Payable Taxes Payable Notes Payable Common Stock Retained Earnings Total 50.000 45,000 35,200 24,150 10,000 60,000 15.000 42.000 255,350 255,350 Solution