Using the following information, prepare a balance sheet on December 31, 2016, for the Ohio City Burrito, a proprietorship owned by Joe Charboneau. The statement of owners equity prepared for the year ended December 31, 2016, shows a total of $97,000. The asset and liability bookkeeping accounts show the following balances on December 31, 2016:

Land $20,000

Cash 16,500

Accumulated Depreciation on Equipment 5,000

Wages Payable 4,100

Cost of Building 182,000

Accounts Payable 8,000

Accrued Expenses 9,700

Prepaid Expenses 2,500

Accounts Receivable 9,000

Accumulated Depreciation on Furniture 20,000

Inventories 3,800

Accumulated Depreciation on Building 20,000

Cost of Furniture 40,000

Cost of Equipment 10,000

Mortgage payable is $120,000, of which $15,000 is due currently