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1. Using the accounts below, prepare a basic Balance Sheet. All accounts will be used once; refer to the 2-Yr Example F/S in Canvas for examples. \begin{tabular}{|l|r|r|r|} \hline Accounts Payable & $ & 1,200 \\ \hline Accounts Receivable & $ & 8,500 \\ \hline Automobiles & $ & 9,000 \\ \hline Buildings & $ & 85,000 \\ \hline Cash & $ & 2,500 \\ \hline Common Stock & $ & 90,000 \\ \hline Equipment & $ & 20,000 \\ \hline Inventory & $ & 30,000 \\ \hline Land & $ & 45,000 \\ \hline Long-Term Bonds Payable & $ & 16,000 \\ \hline Long-Term Note Payable & $ & 14,000 \\ \hline Retained Earnings & $ & 60,000 \\ \hline Short-term Note Payable & $ & 12,000 \\ \hline Wages Payable & $ & 6,800 \\ \hline \end{tabular} 5\begin{tabular}{|lcc|} \hline Assets & ?? \\ \hline Liabilities & $4,000,000 \\ Stockholders' Equity & $6,000,000 \\ \hline \end{tabular}