The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,475 on January 1, 20X1, and $51,425 on December 31, 20X1. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales 451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales 614 Store Supplies Expense 617 Depreciation Expense-Store Equipment 631 Rent Expense 634 Utilities Expense 637 Salaries Expense-Office 640 Payroll Taxes Expense 643 Depreciation Expense-Office Equipment 646 Uncollectible Accounts Expense 691 Interest Expense $ 245,000 Credit 4,220 Debit 270 Credit 102,300 Debit 1,845 Debit 3,470 Credit 1,670 Credit 44,000 Debit 2,180 Debit 1,380 Debit 12,200 Debit 2,870 Debit 19,800 Debit 4,700 Debit 440 Debit 590 Debit 480 Debit The worksheet of Bridget's Office Supplies contains the following owner's equity accounts. Accounts 301 Bridget Swanson, Capital 302 Bridget Swanson, Drawing Net income for the year $46,355. $ 62,460 Credit 40,850 Debit The worksheet of Bridget's Office Supplies contains the following asset and liability accounts. The balance of the Notes Payable account consists of notes that are due within a year. Accounts 101 Cash 107 Change Fund 111 Accounts Receivable 112 Allowance for Doubtful Accounts 121 Merchandise Inventory 131 Store Supplies $ 10,005 Debit 370 Debit 5,010 Debit 730 Credit 51,425 Debit 970 Debit 133 Prepaid Interest 65 Debit 144 Store Equipment 9,900 Debit 142 Accumulated Depreciation-Store Equipment 1,050 Credit 151 Office Equipment 3,140 Debit 152 Accumulated Depreciation-Office Equipment 201 Notes Payable 370 Credit 5,370 Credit 203 Accounts Payable 3,595 Credit 216 Interest Payable 45 Credit 1,760 Credit 231 Sales Tax Payable Prepare a balance sheet dated December 31, 20X1. Current Assets Cash BRIDGET'S OFFICE SUPPLIES Balance Sheet Change fund Accounts receivable Less: Allowance for doubtful accounts Merchandise inventory Prepaid Expenses Assets $ 9,205 x 390 X $ 5,030 (750) 4,280 51,625 X Store supplies Prepaid interest Total Current Assets $ 990 X 75 1,065 $ 66,565 Plant and Equipment Store equipment $ 10,100 Less: Accumulated depreciation (1,070) $ 9,030 Office equipment $ 3,180 x Less: Accumulated depreciation (390) $ 2,790 Total Plant and Equipment Total Assets 11,820 $ 78,385 Current Liabilities Notes payable Accounts payable Interest payable Sales tax payable Total Current Liabilities Owner's Equity Bridget Swanson, Capital Bridget Swanson, Drawing Total Liabilities and Owner's Equity Liabilities and Owner's Equity $ 5,390 x 3,615 x 55 1,780 $ 10,840 $ 62,660 (40,750) x $ 32,750