Required a. Prepare a balance sheet as of December 31 of each year. JORDAN PACKAGING SERVICE Balance Sheet ASSETS Cash Accounts Receivable Supplies Equipment, net Total Assets LIABILITIES Accounts Payable Notes Payable Total Liabilities STOCKHOLDERS' EQUITY Common Stock Retained Earnings ( 00 December 31, December 31, Year 2 Year 1 $ $ $ Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 11000 $ 23800 5700 33,000 73500 $ 2800 $ 21000 23800 6000 43700 49700 73500 $ 12000 19500 5200 28000 64700 2600 21000 23600 6000 35100 41100 64700

a. Prepare a balance sheet as of December 31 of each vear a. Prepare a balance sheet as of December 31 of each vear