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The adjusted til balance for Rowdy Profits Corporation reports that is equipment had cost $250,000. For the current year, the company has recorded $30,000 of

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The adjusted til balance for Rowdy Profits Corporation reports that is equipment had cost $250,000. For the current year, the company has recorded $30,000 of depreciation, which brings the total depreciation to date to $150,000. Balance Sheet Assets Llabilis Stockholders Equity Income Statement Revenues Expenses Required: Using the headings shown above, indicate the location and amounts that would be used to report the three items on the company's balance sheet and income statement. (Any deduction should be entered with a minus sign.) Balance Sheet Homework 4 0 3 to report the three tems on the company's balance sheet and income statement. Any deduction should be entered with a minus sign) Balance Sheet 3 14 16 - 1

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