The following balance sheet data are for Normandy Catering Service, a corporation at May 31, 2016: Accounts Receivable $18,300 Accounts payable $5,200 Notes Payable 20,000 Cash 12,200 Equipment, net 55,000 Common Stock 42,500 Supplies 16,400 Retained Earnings ? Required Prepare a balance sheet for Normandy as of May 31, 2016. NORMANDY CATERING SERVICE Balance Sheet May 31, 2016 ASSETS Accounts Receivable X $ 18,500 x Cash . X 12,200 x Supplies 16,400 Equipment net 55,000 Total Assets $ 102,100 x LIABILITIES Accounts Payable $ 5,200 Notes Payable 20,000 Total Liabilities 25,200 STOCKHOLDERS' EQUITY Common Stock 42,500 Retained Earnings 34,400 x Total Stockholders' Equity 76,900 X Total Liabilities and Stockholders' Equity $ 102,100 x ex terr nin fo