bl On January 1, 2016, Dr. Beth Hill started a new professional corporation, Beth Hill, P. C, to practice stock. On June 30, 2016, the accounting records showed the following amounts with an initial investment of $100,000 in exchange for 20,000 shares of $2 par value common Accounts Payable Accounts Recelvable Cash Common stock Additional paid-in capital Office Equipment Office Supplies Retained Earnings Notes Payable $48,100 57 $60,000 $3,500 $5,800 $10,000 Requirement: 1. Calculate the amounts for common stock and additional paid-in capital and prepare the journal entry (in Good Form) 2. Prepare a balance sheet as of June 30, 2016. (in Good Form #1 Answer (Show you work)