Supplies $1,500 Accumulated depreciation $800 Equipment ? Loan Payable $23,000 Cash $18,000 Account Receivable $5,400 Land $25,000 Louis, Capital ? Account payable $1,200 Total Assets on December 31, 2022, are $54,100 

Required: Prepare a balance sheet for Backpacks and More Ltd on December 31 2022. Insert the correct amount for "Equipment" and for "Capital."