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 , 201, 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. The worksheet of Bridget's Office Supplies contains the following owner's equity accounts. Net income for the year $46,355. 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. Prepare a balance sheet dated December 31, 201. BRIDGET'S OFFICE SUPPLIES Balance Sheet \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Assets } \\ \hline \multicolumn{4}{|l|}{ Current Assets } \\ \hline Cash & & & 9,205 \\ \hline Change fund & & & 390 \\ \hline Accounts receivable & & $5,030 & \\ \hline Less: Allowance for doubtful accounts & & (750) & 4,280 \\ \hline Merchandise inventory & & & 51,625 \\ \hline \multicolumn{4}{|l|}{ Prepaid Expenses } \\ \hline Store supplies & & 990 & \\ \hline Prepaid interest & & 75 & 1,065 \\ \hline Total Current Assets & & & 66,565 \\ \hline \multicolumn{4}{|l|}{ Plant and Equipment } \\ \hline Store equipment & $10,100 & & \\ \hline Less: Accumulated depreciation & (1,070) & 9,030 & \\ \hline Office equipment & $3,180 & & \\ \hline Less: Accumulated depreciation & (390) & 2,790 & \\ \hline Total Plant and Equipment & & & 11,820 \\ \hline Total Assets & & & 78,385 \\ \hline \multicolumn{4}{|c|}{ Liabilities and Owner's Equity } \\ \hline \multicolumn{4}{|l|}{ Current Liabilities } \\ \hline Notes payable & & & 5,390 \\ \hline Accounts payable & & & 3,615 \\ \hline Interest payable & & & 55 \\ \hline Sales tax payable & & & 1,780 \\ \hline Total Current Liabilities & & & 10,840 \\ \hline \multicolumn{4}{|l|}{ Owner's Equity } \\ \hline Bridget Swanson, Capital & & & 62,660 \\ \hline Bridget Swanson, Drawing & & & (40,750) \\ \hline Total Liabilities and Owner's Equity & & & 32,750 \\ \hline \end{tabular}