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The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the

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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 $118,300 and the retained earnings was $58,300 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $24,200 in stock. Accounts payable $1,820 Accounts receivable 10,550 Cash 18,330 Fees earned 71,920 Land 46,100 Building 157,000 Miscellaneous expense $1,050 Office expense 1,280 Supplies 1,670 Wages expense 22,090 Dividends 16,470 Prepare a balance sheet for the current year ended March 31.

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