Constructing a Balance Sheet 1. Use the information below to construct and balance sheet and a common sized balance sheet for the corporation (note the information here is not necessarily provided in the order in which it should appear on a balance statement. a. Gross fixed assets: $110,000 b. Cash $100,000 c. Accounts payable: $43,000 d. Retained earnings: $25,000 e. Accumulated depreciation $42,000 f. Accounts receivable $75,000 g. Long-term bank loan $29,000; $15,000 of which will be due within the next 12 months h. Mortgage (long-term) $50,000 i. Common Stock $105,000 Inventories Notes payable (short-term) $27,000 $36,000 k