. The following items were taken from the records of NIKE company as of December 31st

Accounts Payable	25,000		Long-term Notes Receivable	13,000
Accounts Receivable	20,000		Patent, net	34,000
Building Sale Rent expense	190,000 450,000 55,000		Accrued Expenses Depreciation expense Tax expense	6,000 32,000 15,000
Cash Interest Exp	15,000 117,000		Long Term Debt Salary and wage expense	109,000 90,000
Equipment	76,000		Common Stock	50,000
Retained Earnings	??		Inventory	20,000
Prepaid Expenses	8,000		Accumulated depreciation	42,000
Long term Investments	94,000		Treasury Stock	5,000

1- Prepare a balance sheet in proper format for the company as of December 31^st .(0.75 Mark each step = 18 Marks)

2- Assess the financial situation for Nike Company by using your prepared Balance sheet. (10 Marks).