Work Sheet for Statement of For Year Ended December Y Account Balance 12/31/12 De Debits Cash 39,600 a Accounts receivable 112,215 b Merchandise inventory 210,930 Prepaid expenses 10,875 d Plant assets 315,000 e Total 688,620 Credits Accumulated depreciation 90,000 Accounts payable 59,220 h Salaries payable 30,000 Bonds payable 105,000 Common stock, $20 par 210,000 Additional paid- in capital 22,500 Retained earnings 171,900 m Total 688,620