45 the amounts are correct 54201 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 $4,100; $650 of this amount has been due for more than a year from two customers who are now bankrupt b. The automobile, which is still being used in the business, cost $15,300 new; a used car dealer's Blue Book shows that it is now worth $10,000 Management estimates that the car has been used for one-third of its total potential use. (The car is being depreciated using the straight-line method.) c. The land cost Blue Co. $11,000; it was recently assessed for real estate tax purposes at a value of $15,000. d. Blue Co.'s president isn't sure of the amount of the note payable, but he does know that he signed a note.) e. Since Blue Co. was formed, net income has totaled $33,000, and dividends to stockholders have totaled $19,750. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Cash Assets BLUE CO. INC. Balance Sheet October 31, 2019 Liabilities and Stockholders' Equity $ 750 Note payable Accounts receivable Land Automobile Less Accumulated depreciation Total assets Accounts payable Total liabilities Stockholders' Equity. Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 3,500 5,900