Exercise 1-8 (Algo) Prepare a balance sheet (LO1-3) Greyson Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $16,000 1,000 23,000 12,000 8,000 10,000 29,000 4,000 ? Required: Use only the appropriate accounts to prepare a balance sheet. GREYSON CONSTRUCTION Assets Balance Sheet December 31 Liabilities Accounts payable Common stock Total liabilities 0 Stockholders' Equity Total stockholders' equity 0 Total assets $ 0 Total liabilities and stockholders' equity $ 0