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Question 38 4.75 pts Balance Sheet - three (3) questions - This problem does NOT build on the preceding problems, the numbers in the Unadjusted

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Question 38 4.75 pts Balance Sheet - three (3) questions - This problem does NOT build on the preceding problems, the numbers in the Unadjusted Trial Balance are different. Instructions: Please prepare a Balance Sheet on your scratch paper based on the following Unadjusted Trial Balance and Additional Information below to answer this question and the next two (2) questions. You will need to know the amounts for total assets, total liabilities, and total stockholders' equity to answer the next three (3) questions. (Hint: you may also want to prepare a new Income Statement and Statement of Stockholders' Equity before preparing the Balance Sheet to make sure you have the necessary information for the Balance Sheet account balances.) Unadjusted Trial Balance As of 12/31/20xx Accounts Debit Credit Cash $20,531 Prepaid Rent 6,000 Supplies 4,000 Building 15,000 Accounts Payable $2,000 Deferred Revenue 10,000 comman Stacka 6000 Common Stock 6,000 Retained Earnings 12,000 Revenue 20,531 Rent Expense 1,000 Salaries Expense 3,000 Utility Expense 1,000 Totals $50,531 $50,531 Additional Information: . . Beginning Balance of Common Stock on 1/1/20xx $6,000 Beginning Balance of Retained Earnings on 1/1/20xx $12.000 No new stock or dividends paid during the accounting period. Hint: Please remember the formula for retained earnings when preparing the balance sheet. Question: Based on the Balance Sheet you prepared on your scratch paper, what is the amount shown for Total Stockholders' Equity. Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24.123, you would only input: 24123

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