Question: Financial data for Peach Tree Boutique is given below. All figures are in dollars. Use this data to construct a Balance Sheet for the company

Financial data for Peach Tree Boutique is given
Financial data for Peach Tree Boutique is given below. All figures are in dollars. Use this data to construct a Balance Sheet for the company for the year ending December 31, 2021 and use your constructed statement to answer the following 5 questions (i.e., 25 through 29). NOTE: Not every item in the list below belongs on the balance sheet - you have to use some given data to determine needed accounts for the balance sheet. However, other than what is listed and/or can be derived, there are no other accounts on the company's balance sheet - use cash as a plug figure to balance the balance sheet. Accounts payable 347,800 Accruals 162,400 Accumulated depreciation 7,418,300 Additional paid in capital 2,247,500 Beginning of year inventory 1,875,900 Common stock ($1.75 par value) 462,000 Cost of goods sold 15,017,600 Current portion of Long-term debt 401,600 Gross accounts receivable 726,500 Gross fixed assets 18,479,300 Long-term debt (excluding current portion) 8,547,000 Purchases 15,479,900 Retained earnings 3,472,100 Returns and allowances 14,900 Short-term bank loan 104,700 Cash 25. What did Peach Tree Boutique record as Total Current Assets on December 31, 2021 balance sheet? 26. What did Peach Tree Boutique record as Total Current Liabilities on December 31, 2021 balance sheet? 27. What did Peach Tree Boutique record as Total Assets on December 31, 2021 balance sheet? 28. What was Total Shareholder's Equity on Peach Tree Boutique December 31, 2021 balance sheet? 29. Peach Tree Boutique reported net income for 2021 of $338,200 and the company paid dividends of $1.05 per share in 2021. Given this information (along with the data provided above), compute what Peach Tree Boutique reported as retained earnings on its December 31, 2020 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2020 and December 31, 2021)

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