The adjusted trial balance for Rowdy Profits Corporation reports that its equipment 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.

Required:

Using the headings shown above, indicate the location and amounts that would be used to report the three items on the companys balance sheet and income statement.

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. (Any deduction should be entered with a minus sign.)

Balance Sheet
Asset
Equipment	$250,000
Liabilities
Stockholders Equityselected

Using the headings shown above, indicate the location and amounts that would be used to report the three items on the company's income statement.

Income Statement
Revenues answer correct
not attempted	not attempted
not attempted	not attempted
not attempted	not attempted
not attempted
Expenses answer correct
not attempted	not attempted
not attempted	not attempted
not attempted