The following items are available from records of Freescia Corporation at the end of the 2010 calendar year:

Required
Prepare a balance sheet.

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Accounts payable Accounts receivable Advertising expense Buildings Capital stock $12,550 23,920 2,100 85,000 25,000 4,220 Notes payable Office equipment Retained earnings, end of ye Salary and wage expense Sales revenue $50,000 12,000 37,590 8230 14,220