The balance sheet items of The Sweet Shop (arranged in alphabetical order) were as follows at the close of the business on September 30, 2015: LO2-4 through LO2-6 PROBLEM 2.8B Preparing Financial Statements; Effects of Business Transactions Accounts Payable Accounts Receivable Building Capital Stock Cash... $ 6,800 5,000 80,000 100,000 6.900 Furniture and Fixtures Land Notes Payable Retained Earnings Supplies $ 9,000 72.000 ? 19,100 3,000 * The transactions occurring during the first week of October were: Oct. 3 Additional capital stock was sold for $30,000. The accounts payable were paid in full (No payment was made on the notes payable.) Oct. 6 Furniture was purchased on account at a cost of $8,000, to be paid within 30 days. Sup- plies were purchased for $900 cash from a restaurant supply center tut was going out of business. These supplies would have cost $2,000 if purchased under normal circumstances Oct. 1-6 Revenues of $8.000 were camed and received in cash. Expenses required to earn the revenues of $3,200 were incurred and paid in cash. Instructions .. Prepare a balance sheet at September 30, 2015. (You will need to compute the missing figure for Notes Payable.) b. Prepare a balance sheet at October 6, 2015. Also prepare an income statement and a statement of cash flows for the period October 16, 2015. In your statement of cash flows, treat the pur chase of supplies and the payment of accounts payable as operating activities c. Assume the notex payable do not come due for several years. Is The Sweet Shop in a stronger financial position on September 30 or on October 6? Explain briefly