Below is the Balance Sheet data for Terps Corp. Complete the balance sheet using the Excel template in the Assignment Folder under Files, and submit the Excel file here. Hint: you will need to calculate the Retained Earnings Value.

1. Cash $1,740
2. Accounts Receivable $2,500
3. Inventories $900
4. Bad Debt Provision $-75
5. Accounts Payable $1050
6. Notes Payable $500
7. Accrued Expenses $125
8. Long-term Liabilities $950
9. Land $475
10. Plant and Equipment $3100
11. Accumulated depreciation $1060
12. Stock $680
13. Capital surplus $45
14. Retained Earnings (Value Not Given)

A B D E - 1 2 3 Assets Current Assets Liabilities Current Liabilities Cash 1,740 4 5 6 1,740 950 Long-term liabilities Total Liabilities 950 Equity 7 Total Current Assets 8 9 Fixed Assets 10 11 12 Total Fixed Assets 13 14 15 Total Assets 16 17 18 19 20 Total Equity Total Liab. And Equity 1,740 950