The IT manager of True Care Realty, Inc., prepared the balance sheet of the company while the accountant was ill. The balance sheet contains numerous errors. In particular, the IT manager knew that the balance sheet should balance, so she plugged in the retained earnings amount to achieve this balance. The retained earnings amount, however, is not correct. All other amounts are accurate, but some are out of place.

Requirement
1. Prepare a new, corrected balance sheet for True Care Realty,Inc.

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True Care Realty, Inc. Balance Sheet Month Ended April 30, 2012 ASSETS LIABILITIES Cash Rent Expense Supplies Expense Salaries Payable Equipment $ 200 600 1,500 5,100 10,200 Accounts Payable 1.800 Utilities Expense 250 Accounts Receivable 1,200 Notes Payable 8,000 STOCKHOLDERS' EQUITY Common Stock Supplies Retained Earnings Total Stockholders' Equity Total Liabilities & 12,000 510 1,540 14,050 Total Assets 21 450Stockholders Equity $21,450