Question 3 Prepare a Balance Sheet similar to the one demonstrated in Chapter 2. Not all accounts listed may be used in the correct solution to this problem You must solve for Retained Earnings (20 points) Cash Revenue Accounts Receivable Supply Inventory Supply Expense Accounts Payable Current portion of long term debt Fixed Assets Insurance reserves Long Term debt Accrued Liabilities Payroll Expense $50,000,000.00 $12,000,000.00 $11,000,000.00 $13,000,000.00 $32,000,000.00 $10,200,000.00 $11,100,000.00 $85,000,000.00 $20,000,000.00 $25,000,000.00 $14,000,000.00 Retained Earnings $32,900,000.00