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$[$The following information applies to the questions displayed below.$]$

Assume that you are the president of Highlight Construction Company. At the end of the first year of operations $($December $31),$ the following financial data for the company are available:

Cash

Receivables from customers $($all considered collecilible$)$

Inventory of merchandise $($based on physical count and priced at

Equipment owned, at cost less used portion $10,900$

Accounts payable owed to suppliers $76,000$

Salary payable $($on December $31,$ this was owed to an employee who will be paid on January $10)41,900$

Expenses, including the cost of the merchandise sold $($excluding income taxes$)$ Income tax expense at $30\%$ pretax income; all paid during $600$

Common stock $($December $31)84,200$

Dividends declared and paid

$($Note: The beginning balances in during the current year

$89,100$

$10,500$

Prepare a balance sheet at December $31,$

$\backslash$table$[[$HIGHLIGHT CONSTRUCTION COMPANY$],[$Balance Sheet$],[$Assets For the Year Ended December $31,$ Current Year$],[$Cash$]]$