12. Stoltzfus Accounting Services has the following account balances at the end of 2018:

    1. Determine the amount of assets to be presented on the balance sheet.

    2. Determine the amount of liabilities to be presented on the balance sheet.

    3. Determine the amount of net assets (equity) to be presented on the balance sheet.

Cash	87,000
Supplies	14,000
Inventory	66,000
Land	86,000
Equipment	65,000
Salaries payable	11,000
Accounts payable	29,000
Note payable (L-T)	40,000
Capital stock	150,000
Retained earnings	88,000
Revenue	144,000
Salaries expense	85,000
Utilities expense	19,000
Rent expense	24,000