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Write the new balance sheet with steps plz Complete the January 31, 20, balance sheet of Liberty Legal Services using the following information. Equity at

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Complete the January 31, 20, balance sheet of Liberty Legal Services using the following information. Equity at January 1, 20 ,included share capital of $120,000. The land and building were purchased by the business for a total price of $180,000 on January 25, 20, from a company forced out of business. On January 31, an appraiser valued the property at $240,000. Additional share capital was issued in exchange for $30,000 cash. (1) (2) (3) (4) Retained carnings at January 31, 20,amounted to $29,400 LIBERTY LEGAL SERVICES Balance Sheet January 31, 20 Assets Liabilities & Equity Cash.. 2000 Liabilities Notes payable. 80,000 Accounts payable. Land Building.. Equipment.. 15,000 Equity Share capital.S Total liabilities and S equity $355,000 Total a

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