Questions 5-6 (of 12) > pour te mam about great new featu Save & Ext Sant [The following information applies to the questions displayed below) Carlos Ramirez and Camila Garza organized New World Book Store as a corporation; each contributed $70,300 cash to start the business and received 4,800 shares of common stock. The store competed to rst yea operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $68,850 December 21 cent enou due from customers from sales of books, $40,000: unused portion of store and office equipment, $75,500; December 31, current year, amounts owed to publishers for books purchased 12.000 one year te pye to a local bank for $3,200. No dividends were declared or paid to the stockholders during the year 10.00 points Required: 1. Complete the following balance sheet as of the end of current year. Some information has been given below. NEW WORLD BOOK STORE Cash Accounts receivable Store and office equipment: Assets Balance Sheet Accounts payable Note payable Liabilities Interest payable 120 Total labies S 120 Stockholders' Equity Common stock Retained eamings 21.830 Total stockholders' equity $ 2.830 Total assets $ Total abilities and stockholders' equity $ 28950 MacBook Pro