Subtotal Less: Withdrawals by owner 31,500 (3,000) Stark, Capital, December 31 current year $28,500 Prepare the balance sheet at December 31. (Formulas for any items to be subtracted must return negative values.) STARK COMPANY Cash Supplies Accounts receivable Prepaid insurance Balance Sheet December 31 Assets $10,000 800 4,000 2,500 Total assets Liabilities Accounts payable $1,500 Wages payable 400 Interest payable 100 Notes payable 11,000 Total liabilities Stark, Capital Total liabilities and equity Equity 28,500 $41,500