Requirements: Create a balance sheet with the following account balances:

• Cash: $35,000
• Accounts Receivable: $28,000
• Inventory: $30,000
• Equipment: $75,000
• Accumulated Depreciation: $18,000
• Accounts Payable: $22,000
• Notes Payable: $12,000
• Common Stock: $45,000
• Retained Earnings: $38,000