The worksheet of Bridget's Office Supplles contalns the following revenue, cost, and expense accounts. The merchandise Inventory $\backslash$table$[[$BRIDGET$\text{'}$S OFFICE SUPPLIES$],[$Balance Sheet$],[$December $31,20$X$1],[$Assets$],[$Current Assets$],[$Cash$,,,,,10,805],[$Change fund,,,,,$350],[$Accounts receivable,,,$$,,],[$Less: Allowance for doubtful accounts,,,$710,,],[$Merchandise inventory,,,,,$51,225],[$Prepaid Expenses$],[$Store supplies,,,$950,,],[$Prepaid interest,,,$55,,1,005,],[$Total Current Assets,,,,$$,63,385,],[$Plant and Equipment$],[$Store equipment,$$,9,700,,,],[$Less: Accumulated depreciation,,$1,030,,,],[$Office equipment,$$,3,100,,,],[$Less: Accumulated depreciation,,$350,,,],[$Total plant and equipment,,,,,$0],[$Total Assets,,,,$,63,385],[$Liabilities and Owner's Equity$],[$Current Liabilities$],[$Notes payable,,,,$,5,350],[$Accounts payable,,,,,$3,575],[$Interest payable,,,,,$35],[$Sales tax payable,,,,,$1,740,1],[$Total Current Liabilities,,,,$8,10,700],[$Owner$\text{'}$s Equity$],[$Bridget Swanson, Capital,,,,$,62,260],[$Total Liabilities and Owner's Equity,,,,$,72\mathrm{.}960,]]$

amounted to $$58,275$ on January $1,20$X$1,$ and $$51,225$ on December $31,20$X$1.$ 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 contalns the following owner's equity accounts.

Net Income for the year $$47,075.$

The worksheet of Bridget's Office Supplies contalns the following asset and llability accounts. The balance of the Notes Payable

account consists of notes that are due within a year.

Prepare a balance sheet dated December $31,201.$