Question: Draw a balance sheet using the headings and categories provided. Be sure to use every item on the list and calculate totals when needed. Owners'

 Draw a balance sheet using the headings and categories provided. Be

Draw a balance sheet using the headings and categories provided. Be sure to use every item on the list and calculate totals when needed. Owners' Equity Accounts Payable $57,000 Total Current and Non-Current Assets Current Assets Cash $15,000 Total Current and Non-current Liabilities Common Stock $1,000 Total Current Liabilities Warehouse Remodel Loan (already completed, you owe $255,000 on the loan over the next five years) Non-Current Assets Assets Accounts Receivable $32,000 Total Non-Current Assets Balance Sheet for the Period Ending 1/31/18 Inventory $82,000 Total Owners' Equity Prepaid Rent $12,000 Liabilities Lawsuits Payable $35,000 Total Liabilities and Owner's Equity Trademarks $6,000 Short-Term Notes Payable $35,000 Current Liabilities Equipment $76,000 Total Current Assets Retained Earnings $?? Non-Current Liabilities Total Non-Current Liabilities Vehicle Loans ($2,200 owed within 12 months)

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