The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,275 on January 1, 2019, and $51,225 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses.

Accounts401Sales$244,600Cr.451Sales Returns and Allowances4,200Dr.491Miscellaneous Income250Cr.501Purchases102,100Dr.502Freight In1,825Dr.503Purchases Returns and Allowances3,450Cr.504Purchases Discounts1,650Cr.611Salaries ExpenseSales43,800Dr.614Store Supplies Expense2,160Dr.617Depreciation ExpenseStore Equipment1,360Dr.631Rent Expense12,000Dr.634Utilities Expense2,850Dr.637Salaries ExpenseOffice19,600Dr.640Payroll Taxes Expense4,500Dr.643Depreciation ExpenseOffice Equipment420Dr.646Uncollectible Accounts Expense570Dr.691Interest Expense440Dr.

The worksheet of Bridget's Office Supplies contains the following owner's equity accounts.

Accounts301Bridget Swanson, Capital$62,260

Cr.302Bridget Swanson, Drawing40,950

Dr.

Net income for the year $47,075.

The worksheet of Bridget's Office Supplies contains the following asset and liability accounts. The balance of theNotes Payableaccount consists of notes that are due within a year.

Accounts101Cash$10,805Dr.107Change Fund350Dr.111Accounts Receivable4,990Dr.112Allowance for Doubtful Accounts710Cr.121Merchandise Inventory51,225Dr.131Store Supplies950Dr.133Prepaid Interest55Dr.141Store Equipment9,700Dr.142Accum. DepreciationStore Equipment1,030Cr.151Office Equipment3,100Dr.152Accum. DepreciationOffice Equipment350Cr.201Notes Payable5,350Cr.203Accounts Payable3,575Cr.216Interest Payable35Cr.231Sales Tax Payable1,740Cr.

Prepare balance sheet dated December 31, 2019.