A partial completed balance sheet for Blue Co., Inc., as of October 31, 2016, is presented. Where amounts are shown for various items, the amounts are correct.

Required:
Using the following data, complete the balance sheet.
a. Blue Co.'s records show that current and former customers owe the firm a total of $20,000: $3,000 0f this amount has been due be more than a year from two customers who are now bankrupt.
b. The automobile, which is still being used in the business, cost $90,000 new; a used car dealer's Blue Book shows that it is now worth $50,000. Management estimates that the car has been used for one-third of its total potential USC.
c. The land cost Blue Co. $55.000: it was recently assessed for real estate tax purposes at a value of $75M00.
d. Blue Co.'s president isn't sure ob the amount of the note payable, hut he does know that he signed a note.
e. Since Blue Co. was formed, net income has totaled $165,000, and dividends to stockholders have totaled $97.500.

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Liabilities and Stockholders' Equity Accounts receivable. Land Automobile _ Accounts payable. 16,000 Total liabilities.. Stockholders' equity Common stock Less: A ccumuated depreciation $ 40,000 Retained earnings Total assets. Total liablities and stockholders' equity...