Balance Sheet and Accounting Equation. Using the following data for Ousel Travel Service, prepare a balance sheet as of December $31,2023$: Accounts Payable $$62,500,$ Accounts Receivable $$186,000,$ Cash $$308,000,$ Land $$480,000,$ Supplies $$16,500,$ Retained Earnings $$778,000,$ and Common Stock $X$.$ Below the balance sheet, solve for $X using the accounting equation $($show formula, operations, and solution$).$ Please show every step and do it by hand.