Prepare the balance sheet of Elegant Arrangements as of December 31, 2014.

Elegant Arrangements has just completed operations for the year ended December 31, 2014. This is the third year of operations for the company. The following data have been assembled for thebusiness:

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4,000 Salaries Expense 74,000 Accounts Payable 1,100 office Supplies insurance Expense service Revenue utlities Expense Rent Experse Common Stock Cash Retalned Eamings, Jan. 1, 2014 $42,000 6,800 2,100 3,900 6,000 Accounts Recevable5,500 15,000 13,000 Dividends 4,700 Equipment 4,500