The assets and liabilities of Thompson Computer Services at March 31, the end of the current fiscal year, and its revenue and expenses for the year follow. Mike Thompson, Capital, had a balance of $180,000 at April 1, the beginning of the current year. During the year, the owner invested an additional $25,000. Line Item Description Amount Accounts payable $2,000 Accounts receivable 10,340 Cash 21,420 Fees earned 73,450 Land 47,000 Building 157,630 Miscellaneous expense 1,030 Office expense 1,240 Supplies 1,670 Wages expense 23,550 Mike Thompson, Drawing 16,570

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