Review View Help Editing 12 ' ' Page Break Q1 (25 marks) Sultan Inc. prepared the following random list of assets, liabilities, revenues, and expenses from its December 31, 2020, accounting records. The beginning retained earnings as of January 1, 2020, was $43,100 and the owner, Stacey, received dividends of $14,600 during the year. Prepare the balance sheet for Sultan Inc. as of December 31, 2020. Accounts receivable $15,700 Service revenue $50,500 Interest expense 4,900 Cash 128,000 Supplies 1,500 Note payable 17,000 Accounts payable 106,100 Salary experise Utilities expense 5,200 Interest payable Furniture 18,000 Rent expense 9,400 Salary payable 2,400 Automobiles 12,900 Common shares 30,500 Land 23,000 15,000 1,600 I Sultan Inc. Balance Sheet December 31, 2020 Liabilities Assets Predictions on O Co