Balance Sheet Puzzle (18 points) be considered when solving this Balance Sheet puzzle for FURNITURE Corporation as at July 31, 2017. Set out below are the individual accounts and their respective balances that should uired 1. Select only the accounts that are listed on a Balance Sheet and insert them on the attached blank Balance Sheet under one of the five captions: Current Assets Long Term Assets Current Liabilities Long Term Liabilities Shareholders' Equity 2. Then calculate Total Assets, Total Liabilities and Shareholders' Equity. They must balance (A = L + SE)! Current Portion of Long Term Debt $8,000 Additional Paid In Capital -28,000 Net Sales-s50,000 Prepaid Insurance-$1,000 Accounts Receivable less allowances- $9,000 Selling and distribution Expense $4,500 Cash and cash equivalents - Land-$ 35,000 Other eurrent liabilities-3,000 Accounts Payable $4,000 Rent expense s 12,000 Interest expense s so0 Trademarks (net) - $ 2,000 Long term debt s 18,000 Retained Earnings $55,000 Patents (net)-$6,000 Common Stock $10,000 Property, plant & equipment (at cost)-$65,000 Other long term liabilities s6,000 Interest revenue $ 750 Income taxes expense $1,2s0 Short Term Notes Payable S5,000 Salaries expense- s 22,000 Cost of Goods Sold-$30,000 Accumulated depreciation on Property, plant & equipment (S 15,000) Inventories $15,000 repaid rent s 3,000 Goodwill- $10,000 Other intangible assets- s 5,000 crued Liabilities-$6,000 Property, plant& equipment Depreciation Expense $2,000 17