van St Accounts Payable Long-term Debt Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Operating Expenses Assets: Currents Assets (List individual items) 35,000 1) Prepare the Balance Sheet: Using the accounts provided, create a balance sheet as of December 31, 20XX. The balance sheet should include the following sections: Liabilities: Current Liabilities (list individual items) Long Term Liabilities Owner's Equity: Comon Stock 10,000 Property, Plant and Equipment (consider accumulated depreciation) Retained Earnings 8,000 12,000 10,000 20,000 60,000 2) Calculate Total Assets, Total Liabilities and Owner's Equity: Compute the total amounts for assets, liabilities, and owner's equity. Ensure that the accounting equation (Assets = Liabilities + Owner's Equity) balances. 3) Write a short analysis: Provide a brief analysis of the company's financial position based on the balance sheet you have prepared. Discuss any significant findings such as liquidity, solvency or overall financial s