omework 6 Saved Help Save & EX Chec A partially completed balance sheet for Blue Co. Inc. as of October 31, 2019. is presented. Where amounts are shown for various items. the amounts are correct. Required: Using the following data, complete the balance sheet. a. Blue Co.'s records show that current and former customers owe the firm a total of $4,100: $640 of this amount has been due for more than a year from two customers who are now bankrupt. b. The automobile, which is still being used in the business, cost $16.800 new, a used car dealer's Blue Book shows that it is now worth $10,000. Management estimates that the car has been used for one-third of its total potential use. (The car is being depreciated using the straight-line method.) c. The land cost Blue Co. $11,000; it was recently assessed for real estate tax purposes at a value of $15,000 d. Blue Co's president isn't sure of the amount of the note payable, but he does know that he signed a note. e. Since Blue Co. was formed, net income has totaled $30,000, and dividends to stockholders have totaled $19,750, (Enter decreases with a minus sign to indicate a negative financial statement effect.) BLUE CO. INC. Balance Sheet October 31, 2019 Liabilities and Stockholders' Equity $ 850 Note payable Assets Cash