Woods Construction has the following account balances on December 31, 2024.

Accounts	Balances
Equipment	$ 22,000
Accounts payable	2,200
Salaries expense	29,000
Common stock	12,000
Land	14,000
Notes payable	16,000
Service revenue	35,000
Cash	5,200
Retained earnings	?question mark

Required:

Use only the appropriate accounts to prepare a balance sheet.