urgent answer needed

Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $53,900 cash to start the business and received 4,400 shares. The store completed its first year of operations on December 31,2020 . On that date, the following financial $29,500; property and equipment, $57,000; amounts owed to publishers for books purchased, $9,200; one-year note payable to a local bank for $4,650. No dividends were declared or paid to the shareholders during the year. Required: 1. Complete the balance sheet at December 31,2020 : Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $53,900 cash to start the business and received 4,400 shares. The store completed its first year of operations on December 31,2020 . On that date, the following financial $29,500; property and equipment, $57,000; amounts owed to publishers for books purchased, $9,200; one-year note payable to a local bank for $4,650. No dividends were declared or paid to the shareholders during the year. Required: 1. Complete the balance sheet at December 31,2020