Exercise 1-8A Prepare a balance sheet (LO1-3) Wolfpack 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 $22.00 2.200 29.000 12.000 14.00 16.00 35.000 Required: Use only the appropriate accounts to prepare a balance sheet WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities $ Cash Land Equipment 5.200 Accounts payable 14.000 Notes payable 22.0007 Total abilities 18200 Stockholders' Equity 12 000 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Total assets 5 41.200