Below is your group's problem for the exam review. Please work together as a group and submit 1 solution. I will then post it in a discussion called Exam 1 Review. 4. The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year are listed below. The common stock was $120,000 and the retained earnings were $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Accounts payable $2,000 Miscellaneous expense $1,030 Accounts receivable 10,340 Office expense 1,240 Cash 21,420 Supplies 1,670 Fees earned 73,450 Wages expense 23,550 Land 47,000 Dividends 16,570 Building 157,630 Retained Earnings, March 31 91,060 Common Stock 120,000 Accumulated Depreciation 25,000 Prepare a balance sheet for the current year ended March 31. Reply