The balance sheet provides a snapshot of the financial condition of a company. Investors and analysts use the information given on the balance sheet and other finandal statements to make several interpretations regarding the company's finandal condition and performance. Blue Hamster Manufacturing Inc. is a hypothetical company. Suppose it has the following balance sheet items reported at the end of its first year of operation. For the second year, some parts are still incomplete. Use the information given to complete the balance sheet for Blue Hamster Manufacturing Inc. for the years ending December 31 , Year 2 and 1 , respectively. LIABILITIES AND EQUITY Current liabilities: \begin{tabular}{|lcc|} \hline Accounts payable & $0 & $0 \\ Accruals & $4,688 & $0 \\ \hline Notes payable & $26,562 & $25,000 \\ \hline Total current liabilities & & $25,000 \\ \hline Long-term bonds & $93,750 & $75,000 \\ \hline Total debt & $125,000 & $100,000 \end{tabular} Common equity