The assets and liabilities of Thompson Computer Services at March $31,$ the end of the current year, and its revenue and expenses for the year follow. The common stock was $$122,500$ and the retained earnings was $$55,400$ at April $1,$ the beginning of the current year. During the year, shareholders purchased an additional $$24,500$ in stock.

Line Item Description Amount

Accounts payable $$1,890$

Accounts receivable $10,030$

Cash $20,030$

Fees earned $71,870$

Land $46,400$

Building $156,700$

Miscellaneous expense $$1,020$

Office expense $1,250$

Supplies $1,670$

Wages expense $22,590$

Dividends $16,470$

Prepare a balance sheet for the current year ended March $31.$

Thompson Computer Services

Balance Sheet

March $31$

Line Item Description Amount Amount

Assets blank blank

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Total assets $Total assets

Liabilities

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Stockholders$$ Equity blank

$$-$ Select $-$

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Total stockholders$$ equity Total stockholders$$ equity

Total liabilities and stockholders$$ equity $Total liabilities and stockholders$$ equity