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SoccerBox Inc., is preparing a balance sheet for the year ended December 31, 2021. The following amounts were correct at December 31, 2021: Cash: $68,000

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SoccerBox Inc., is preparing a balance sheet for the year ended December 31, 2021. The following amounts were correct at December 31, 2021: Cash: $68,000 . Accounts receivable (A/R): $81,000 . Inventory: $134,000 . Prepaid inventory: $1,500 * Investment in stock affiliate company (Z Corporation): $40,000 (The investment is considered noncurrent.) . Equipment: $87,000 . Used equipment held for disposal (not used in the day-to-day activities of the organization): $8,000 . Accumulated depreciation (ACC DEP) of equipment: $29,000 * Accounts payable (A/P): $62,500 * Notes payable (N/P; noncurrent): $42,000 . Income taxes payable: $10,000 . Retained earnings (R/E): $126,000 Common stock: The company had 100,000 shares outstanding. When sold, the par value was $1.00 per share. Stock was sold and issued at $1.50 per share. Prepare the balance sheet using the template provided. Prepare a multistep income statement and a classified balance sheet for each company using the template provided

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