In alphabetical order below are balance sheet items for Mendoza Company at December 31, 2022. Kathy Mendoza is the owner of Mendoza Company. Prepare a balance sheet, following the format of Illustration 1.13.

Accounts payable .........................................  $90,000

Accounts receivable .....................................    72,500

Cash ...............................................................    49,000

Owner’s capital ............................................     31,500