The following beginning balance sheet and statement of cash flows for 2016 are available for Fazzi Company:

Balance Sheet January 1, 2016
Cash				$900		Accounts payable		$1,600
Accounts receivable				2,300		Notes payable		3,900
Land				4,900		Common stock, $5 par		4,500
Equipment		$20,000				Additional paid-in capital		1,800
Less: Accumulated depreciation		(9,100)		10,900		Retained earnings		7,200
Total Assets				$19,000		Total Liabilities and Shareholders Equity		$19,000

Statement of Cash Flows For Year Ended December 31, 2016
Operating Activities:
Net income				$3,900
Adjustments for differences between income flows and cash flows from operating activities:
Add: Depreciation expense				900
Increase in accounts payable				100
Less: Increase in accounts receivable				(700)
Gain on sale of land				(200)
Net cash provided by operating activities				$4,000
Investing Activities:
Payment for purchase of equipment		$(5,000)
Proceeds from sale of land		1,200
Net cash used for investing activities				(3,800)
Financing Activities:
Proceeds from issuance of common stock (200 shares)		$ 2,600
Payment of long-term note		(900)
Payment of dividends		(1,300)
Net cash provided by financing activities				400
Net increase in cash				$600
Cash, January 1, 2016				900
Cash, December 31, 2016				$1,500

Required:

On the basis of this information, prepare a balance sheet for Fazzi as of December 31, 2016.

FAZZI COMPANY
Balance Sheet
December 31, 2016
Assets
	$
Total assets	$
Liabilities and Stockholders' Equity
	$
Total liabilities and stockholders' equity	$