Xoom, Inc. is a silicon valley start-up, and a competitor of Zoom Corporation, trying to provide web-conferencing software to end users. Xoom has the following account balances at the end of the year. Balances $23,500 Accounts Equipment Accounts payable 2,500 Salaries expense 30,500 Common stock 12,000 Land 15,500 Notes payable 17,500 Service revenue 36,500 Cash 5,500 Retained earnings ? Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Assets Balance Sheet December 31 Liabilities Total liabilities Stockholders' Equity Total assets Total stockholders' equity Total liabilities and stockholders' equity