**I ONLY NEED HELP WITH THE BALANCE SHEET PLEASE** :) I've done the income statement already.

Problem 7-21A Multistep income statement and balance sheet LO 7-1, 7-5

Use the following information to prepare a multi-step income statement and a balance sheet for Sherman Equipment Co. for Year 2. (Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated.) (Balance Sheet only: Items to be deducted must be indicated with a minus sign.)

Salaries Expense	$	88,000			Operating Expenses	$	81,000
Common Stock		100,000			Cash Flow from Investing Activities		97,400
Notes Receivable (short term)		43,000			Prepaid Rent		14,400
Allowance for Doubtful Accounts		9,700			Land		59,000
Uncollectible Accounts Expense		10,000			Cash		50,000
Supplies		3,100			Inventory		100,200
Interest Revenue		7,300			Accounts Payable		65,000
Sales Revenue		396,000			Salaries Payable		31,000
Dividends		5,400			Cost of Goods Sold		167,000
Interest Receivable (short term)		3,400			Accounts Receivable		75,000
Beginning Retained Earnings		90,500