From the account balances below. create a proper balance sheet and alement with proper headings for ACME. Incorporated for the period ending 12-31-2010. This was the entity's first year of operations. All de expressed in thousands of dollars. Classify your balance sheet. went Liability, LTL = long term liability. PP&E = long term asset. 28 Property, Plant & Equipment (PP&E) 100 Sales 100 Notes payable (CL) 20 Accounts receivable Inventory 20 Depreciation expense 20 Mortgages owed (LTL) 116 Cash axes payable Accumulated depreciation Rent expense Cost of goods sold Retained earnings Conferences attended expense Interest expense Auto expense Messenger service expense