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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 $24,500 2,700 31,500 11,000 16,500 18,500 37,500 5,700 2 Required: Use only the appropriate accounts to prepare a balance sheet. Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities Total liabilities 0 Stockholders' efuity 0 Total stockholders equity Total liabilities and stockholders equity Total assets $ 0