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Statement of Stockholders' Equity and Balance Sheet The following is balance sheet information for Lynch Janitorial Service, Inc., at the end of 2016 and 2015:

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Statement of Stockholders' Equity and Balance Sheet The following is balance sheet information for Lynch Janitorial Service, Inc., at the end of 2016 and 2015: December 31, December 31, 2016 2015 Accounts Payable $6,000 $9,000 Cash 23,000 20,000 Accounts Receivable 42,000 33,000 Land 40,000 40,000 Building, net 250,000 260,000 Equipment, net 43,000 45,000 Mortgage Payable 90,000 100,000 Supplies 20,000 18,000 Common Stock 220,000 220,000 Dividends 10,000 Retained Earnings Required a. Prepare a balance sheet as of December 31 of each year. LYNCH JANITORIAL SERVICE, INC. Balance Sheet December 31, December 31, 2016 2015 ASSETS 23000 $ 20000 Cash 42000 33000 Accounts Receivable 20000 18000 Supplies 40000 40000 260000 land ronn

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