The following is selected financial information for TLC Company as
The following is selected financial information for TLC Company as of December 31, 2013.
Liabilities . . . . . . $64,000
Equity . . . . . . . . $50,000
Assets . . . . . . . . $114,000

Required
Prepare the balance sheet for TLC Company as of December 31, 2013.

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