Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. Cash Accounts Receivable Supplies Equipment Accounts Payable Common stock Retained Earnings, December 1 Dividends Services Revenue Wages Expense Rent Expense Utilities Expense $ 7,100 500 3,700 16,000 7,000 7,900 8,900 1,300 17,000 8,000 2,500 1,700 QS 1-17 (Algo) Preparing a balance sheet LO P2 Use the above information to prepare a December balance sheet for Hawkin. HAWKIN Balance Sheet December 31 Liabilities Assets Equity Total equity Total Liabilities and Equity Total Assets