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. Equipment Accounts Balances $21,000 Accounts payable 2,000 Salaries expense 28,000 Common stock 10,000 Land 13,000 Notes payable 15,000 Service revenue 34,000 Cash 5,000 Retained earnings 2 Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities Total abilities Stockholders' Equity Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Total assets